Categories
Business and Economy Faith and Religion

INC and VAT

Some religions are truly the opium of the masses.

While the Roman Catholic Church in the Philippines expressed its opposition to the increase in VAT (as well as Charter change), and members of other Christian denominations are protesting in the streets against the VAT bill, the Iglesia ni Manalo–errr, Iglesia ni Cristo (INC)– is reportedly supporting it.

Categories
Business and Economy Government

Tax Terror

Three nights ago, my flatmates were discussing how difficult times are getting. One was complaining that while she was living independently and earning her own keep, she would sometimes borrow money from her mother just to survive. I myself experience living from one pay check to the next. A lot of times, when I feel the urge for a little luxury, I would mentally charge the cost to my next pay, spending some from what little I save. I could only imagine the woes of those who have the burden of earning for their families towards new tax measures proposed by some, whom Sen. Joker Arroyo aptly named as “tax terrorists.”

Franchise tax for telecoms, P2 per liter oil excise tax, sin taxes (the latter one I approve of), these are just some proposals to remedy our growing budget deficit. I could imagine my brother saying, “Anlaki-laki ng tax na binabayaran mo, saan naman napupunta?!” As if the unequal distribution of wealth in the country isn’t worse enough. What’s next? Television watching tax?