Tax Reform for Acceleration and Inclusion (TRAIN) Law
GPTKB entity
Statements (93)
| Predicate | Object |
|---|---|
| gptkbp:instance_of |
gptkb:financial_services_company
|
| gptkbp:affects |
middle-income earners
|
| gptkbp:aims_to |
simplify tax compliance
fund infrastructure projects reduce personal income tax |
| gptkbp:effective_date |
January 1, 2018
|
| gptkbp:enacted_by |
gptkb:Philippine_government
gptkb:Congress_of_the_Philippines |
| https://www.w3.org/2000/01/rdf-schema#label |
Tax Reform for Acceleration and Inclusion (TRAIN) Law
|
| gptkbp:includes |
value-added tax (VAT) adjustments
|
| gptkbp:increased |
excise tax on fuel
|
| gptkbp:introduced |
new tax brackets
|
| gptkbp:is_analyzed_in |
economic forecasts
economic studies policy papers government assessments policy evaluations |
| gptkbp:is_criticized_for |
lack of transparency
lack of public engagement potential regressive effects administrative burdens on taxpayers impact on low-income households increasing prices of goods |
| gptkbp:is_discussed_in |
gptkb:academic_conferences
gptkb:media_outlets gptkb:Philippine_Senate community forums public forums government reports policy debates national dialogues economic forums legislative hearings economic policy reviews |
| gptkbp:is_evaluated_by |
gptkb:Department_of_Finance
international organizations research organizations fiscal analysts tax policy experts public finance experts |
| gptkbp:is_expected_to |
boost economic growth
stimulate job creation enhance public services improve tax collection efficiency increase government revenue |
| gptkbp:is_implemented_in |
gptkb:Bureau_of_Internal_Revenue
tax collection mechanisms |
| gptkbp:is_linked_to |
infrastructure development projects
poverty alleviation efforts social services funding government accountability issues economic inequality issues fiscal policy changes public finance reforms economic stability concerns taxpayer compliance issues business investment incentives |
| gptkbp:is_monitored_by |
civil society organizations
|
| gptkbp:is_opposed_by |
gptkb:labor_unions
consumer advocacy groups environmental groups social justice advocates consumer protection advocates academic critics |
| gptkbp:is_part_of |
national fiscal policy
economic policy reforms Philippine economic reforms Comprehensive Tax Reform Program national development agenda Philippine economic strategy Philippine legislative agenda Philippine tax policy reforms |
| gptkbp:is_promoted_by |
gptkb:government_agency
gptkb:Educational_Institution government initiatives government campaigns economic reform advocates |
| gptkbp:is_related_to |
gptkb:Republic_Act_No._10963
|
| gptkbp:is_subject_to |
public opinion surveys
public consultations legal challenges economic impact studies legislative scrutiny |
| gptkbp:is_supported_by |
business associations
economic analysts business groups tax reform advocates economic growth proponents entrepreneurial groups |
| gptkbp:provides |
higher tax exemptions for minimum wage earners
|
| gptkbp:replaced_by |
old tax system
|
| gptkbp:bfsParent |
gptkb:Ralph_Recto
|
| gptkbp:bfsLayer |
4
|