RP e-VAT Controversy at FinGad.com

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Categorie: Commodities
Submitted about 1 month ago by

Lovephileo , WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER

Has the e-EVAT impoverished or improved the Philippine economy? Has it neglected the government's vital services such as education, health and social services or it benefited the government, the Filipino people?Republic Act 9337 or the Expanded Value Added Tax Law was one of the economic reforms advanced by the President Gloria Macapagal-Arroyo shortly after she won presidential election in 2004. The law sharply reduced the country's fiscal deficit, making the Philippines attractive to investors once again.Almost 2 years after the e-VAT came into force in September 2005, the House Committee held the hearing following calls for the government to abolish the VAT, to immediately scrap the 12 percent e-VAT on oil and petroleum products, from some legislators, the transport groups, consumers and religious groups. For now, series of strikes are crippling the transportation in Metropolitan Manila.A bill at the House, the 12% tax on food, oil, medicine and electricity as prices increase worldwide, the poor have been badly hit. However, the supreme Court, the government and some analysts stated that removing the e-VAT on oil imports will only push the country right at the epicenter of the global economic crisis as it will greatly impair the government's capacity to implement projects and programs that are... More...

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#1 | Porsche926 @ about 1 month ago User Rank : 17 Portfoilo Balance: $50,000.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: E-vat is necessary. The exemptions on the basic goods are already good enough as they are the only things that the poor, which is majority, can afford.
#2 | Lovephileo @ about 1 month ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 412 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Evat really sucks the Filipinos present situation. If we view our immediate and short-term concern, reduction on Evat for the time being might be of great help until the country's economy brings back its spring time. Filipinos present standing worst among the SE nations - If we will let Evat totally crapped , then what kind of future would we like to impart to our next generation? How can this country compete to the global industry? Hope that the crisis would cease this year. May the good Lord spare us from the wrath of out godlessness.
#3 | Eeexpert @ about 1 month ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 165 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: I would say that e-vat is good when and ONLY when there is good governance. If and ONLY IF the revenue that was derived from it would be used for the basic needs of the people like in education, health services and housing. Not for the pockets and luxurious living and travels of traditional politicians who robs people's money by "serving the people"in disguise. Grrrrr....serving your face!!!!!! (Blood pressure rises) Though I still want to believe that there are those who really are servant leaders in our country. Who are both visionaries and missionaries. Am proud and honored to name him in this discussion, My ex-mayor(Olongapo City,Philippines), now doing a great job as a Senator, while working as Red Cross Chairman - Senator Richard Gordon. God bless you Sir!!! Mabuhay ka! ...his favorite song is "To Dream the Impossible Dream" and his favorite movie is "Brave Heart".
#4 | Lovephileo @ about 1 month ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 412 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: E-VAT is a given risk for Filipino citizens. We always have no assurance that the revenue collections will be spent for the nation's welfare, though we are aware of its necessity especially in times of crisis. Guys, this is such a game we have to play with our government.Though it seems unfair, because the government has an assurance that all people will have to sacrifice first, before the government does. Indeed, its kind a difficult to live in a country like this. I know its challenging, yet I don't want my children grow battling with fear and distrust , with condemnation against our very own government. God forbid! because we are a country with a president full of corruption case on her bloody hands. Gone are the days when the Philippines is tagged as the religious country in the world, but a country now in the hands of an Angry God.
#5 | Eeexpert @ about 1 month ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 165 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: That's why I will volunteer to campaign for Senator Dick Gordon when he decides to run for 2010 presidency. Go Dick Gordon! * Some are visionaries while some make things happen...but both describe Dick Gordon, " A MAN OF VISION AND ACTION". Being born in Subic where he started serving the people, I've watched him go up the poltical ladder and be transformed as one of the best leaders the Philippines ever had. He is one of the most sincere man in politics i have ever known - a motivator, a servant-leader, a patriot. He is an idol both of the rich and poor, young and old...Thank God for raising up a Dick Gordon for the Philippines! Go sir! Continue to march through hell for a heavenly cause! We are behind you. With Dick Gordon as president in 2010, soon the world will really utter WOW! WHAT A GREAT PHILIPPINES!
#6 | Eeexpert @ about 1 month ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 165 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: On E-VAT Controversy, I would like to quote Sir Dick Gordon's view on the topic of E-VAT on Oil which I absolutely agree with. Here it is. Sir Dick Gordon: "The removal of the E-VAT on oil will not solve the oil price crisis. It is merely a Band-Aid solution and does not solve the root of the problem." Rather than remove the oil tax, Gordon said, "the government should prioritize where E-VAT money will be spent. It should show the people where the money was spent and be transparent." Like many quarters, the senator feels that the handouts, which the Arroyo administration has been distributing to the poor, are a waste of precious state resources and have no lasting economic value. Moreover, he added, government dole merely reinforces "the attitude of mendicancy among our people, which we have had more than enough over the last four centuries or so."
#7 | Eeexpert @ about 1 month ago Transcript Editor, Marketing Officer-podwriter transcriptions, Event organizer, Entrepreneur, owner of memokitchen.com site at memokitchen.com User Rank : 165 Portfoilo Balance: $60,100.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Continuation: Gordon said the government could adopt an economic recovery strategy similar to Roosevelt's New Deal. "This could be done by using proceeds from the E-VAT on oil to fund major infrastructure projects," said the former mayor who shepherded Olongapo out of the ravages of the Pinatubo eruption in 1991. Aside from erecting much-needed civil works, he explained, an accelerated infrastructure program would create jobs. "It would reduce our unemployment rate and ensure that people will have the money to buy, at the very least, basic necessities." Moreover, Gordon said, "these projects will empower Filipinos and give them a sense of dignity." The way the senator sees it, if the E-VAT on oil is removed the government would not only lose the resources it needs to pick itself up from calamities like Typhoon Frank, but also the funds that could prime the economic pump with infrastructure and other job-creating programs. Gordon is a rare politician. He is not afraid to defy popular causes, but instead presses for long-term solutions to national problems. That, in my book, is leadership.
#8 | Lovephileo @ about 1 month ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 412 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: Hhhmmm, Gordon has proved his worth and capacity to raise a new philippines actually. He is the brain of the Subic Metropolitan Atuthority, formerly Subic Naval Base. Been a mayor, cabinet leader, senator, name it. I also believe to this guy. A man of high moral standard and fears nothing for his country. Actually he is my bet in presidential election.
#9 | Heartsoulofra @ 24 days ago User Rank : 28 Portfoilo Balance: $51,050.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: I believe Evat can save this nation from its present situation. It is just that EVAT is not well-discussed and presented to the people. Infact, it was just this month that I understand well how EVAT works for us. However, with the way the government manage money from the past years is a big discouragement to many. People are now having fear and always doubt that those evat earnings will be adulterized. I guess If the revenue from the past was properly used, then we would not have been craving for daily cheap NFA rice. It really sucks the Metropolitan Manila with this everyday scenario of long line in market places for 2 kilo of rice.

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