Abolish the 12% VAT: Toward Fairer, Progressive Taxation for the Filipino Poor

• The Philippines’ 12% VAT is among the highest in Southeast Asia and disproportionately burdens the poor.
• VAT is a regressive tax, impacting the poor much more than the wealthy, who often exploit exemptions.
• Defenders claim VAT is needed for credit ratings, but public funds are often misused and corruption is rampant.
• The author calls for scrapping or reducing VAT, shifting to progressive taxation, and demanding transparency and accountability.
• True reform requires prioritizing justice, dignity, and people’s welfare over revenue and credit ratings.

Source: facebook.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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