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    TRAIN taxes throwing fisherfolks into 'debt trap'

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    Date
    January 14, 2018
    Author
    Velasco, Myrna M.
    Metadata
    Show full item record
    Classification code
    MB20180114_B-3
    Excerpt
    As various business segments feel like they are being spun in a whirlpool because of consumer-cost cataclysm out of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the country’s fisher folks are adding to the voice of dissent on fears that high fuel excise taxes could throw them into a debt trap. The fisher folks reportedly raised their concern with the oil companies that are undertaking information, education, and communication (IEC) campaign on the cost impacts of the TRAIN Law. One of the leading oil firms of the country indicated that the fishermen are among those “most worried getting into a debt trap because from P500 cost per trip that they had before, that will now go up to R600, an increase of about 20-percent per trip in their costs.”
    Citation
    Velasco, M. M. (2018, January 14). TRAIN taxes throwing fisherfolks into 'debt trap'. Manila Bulletin, p. B-3.
    URI
    http://hdl.handle.net/20.500.12174/3486
    Associated content
    Online version
    Corporate Names
    Department of Energy (DOE Department of Finance (DOF) Manila Electric Company (Meralco) State-run National Power Corporation (NPC) National Grid Corporation of the Philippines Energy Regulatory Commission
    Personal Names
    Cusi, Alfonso G. Gatchalian, Sherwin T.
    Geographic Names
    Philippines
    Subject
    fishers taxes livelihoods
    Collections
    • Manila Bulletin [2470]

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