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The Senate had to wait for the House of Representatives version to get passed before it could start plenary discussions like other bills on budget or tax and appropriations. The Senate voted 17–1 to approve the Tax Reform Acceleration and Inclusion (TRAIN) bill, with Sen. Risa Hontiveros being the lone dissenter on November 28, 2017.
The Bureau of Internal Revenue stated that ABS-CBN had fully complied with the tax requirements of the government. Sir Cabantac Jr., BIR Large Taxpayers Service head stated that the company had paid P14.298 billion from 2016 to 2019. In 2019, ABS-CBN also settled P152.44 million in tax payments with the BIR. [151]
The inflation rate worsened the impacts of the government's new tax policy, increasing the price of all goods in the country. [25] In September 2018, the inflation rate of the country further increased to 6.7%, its highest in a decade. [26] [27] President Duterte blamed American president Donald Trump for the inflation increase. [28]
He has introduced bills calling for similar tax reform since 2004, but the bills have never made it out of committee. [18] President Obama's tax reform proposals are highlighted in his administration's 2013 United States federal budget proposal and in a framework for corporate and international tax reform presented by the administration. [19]
About 610,054 agrarian reform beneficiaries (ARBs) tilling 1,173,101.575 hectares (2,898,797.12 acres) of land are seen to benefit from this law. [ 3 ] [ 4 ] The Philippine government will pay the remaining balance of the direct compensation due the landowners under the Voluntary Land Transfer (VLT) or the Direct Payment Scheme (DPS) amounting ...
Pinoy True Stories is a collective title of five docu-news magazine programs broadcast by ABS-CBN.The network's news journalists will tackle real-life accounts of Filipinos and help in solving problems that affect the communities and families nationwide.
Abs-Cbn Interactive, New people's initiative drive eyes revision, not amendment [permanent dead link ] Joint Senate Resolution No. 10: Federal System of Government; A repository of reference materials on the need for Constitutional Reform in the Philippines; The Constitution of the Republic of the Philippines (in Filipino and English Version)
Hoy Gising! (English: hey, wake up!) is a Philippine television news magazine show broadcast by ABS-CBN.Originally anchored by Ted Failon and Korina Sanchez, it aired from May 4, 1992 to March 9, 2001, replacing Isabel, Sugo ng Birhen.