Senator Bong Go's Version of Balik Probinsya is too Superficial

-

"Various advocacy groups have been proposing balik probinsya programs for many decades already.

Senator Bong Go's version of balik probinsya is too superficial since his focus is on organizing bus trips where he can do his usual selfie photo ops media mileage with balik probinsya beneficiaries as his fanbase.

After a few months those balik probinsya beneficiaries will just go back to Imperial Manila because most jobs are still in Imperial Manila considering that the national capital region swallows a lion's share of the Internal Revenue Allotment (IRA).

"There is a better non-political approach known as Bagong Internal Revenue Allotment (BIRA) that aims to amend the computation of the IRA in such a way that it will incentivize creation of stable jobs in the target Local Government Unit (LGU) (usually a province) that will bear the burden of accepting balik probinsya migrants.

"How does the present system compute the IRA? (Population x 50%) + (Land Area x 25%) + (Equal Sharing x 25%) = 100%

"Notice that the present system is over-rewarding "Population" with 50%. BIRA proposes to reduce that 50% down to perhaps 40% and use the 10% realignment as seed funding for establishing job-generating industries in the provinces that will bear the burden of absorbing the influx of balik probinsya migrants." Atty. Melchor Magdamo

Comments

Post a Comment

Popular posts from this blog

VAT in the PHILIPPINES

-
Image
VAT IN THE PHILIPPINES The VAT system in the Philippines took effect on 1Jan1988 by virtue of the then President Cory Aquino’s Executive Order (EO) No. 273, the law adopting the VAT as implemented by RR No. 05-87 at the rate of ten percent (10%) on all taxable transactions. The tax rate was increased to twelve percent (12%) starting 1Feb2006 by virtue of RA No. 9337 as implemented by RR No. 16-2005 as amended by RR No. 04-07. VAT is an indirect tax and the amount of tax may be shifted to or passed on to the buyer, transferee, or lessee of goods, properties or services. It is a tax on consumption of goods, services or other dealings involving the same. It forms a significant portion of consumers expenses. It is a “tax credit method” wherein the Input VAT paid or incurred by a VAT-registered entity is creditable against the Output VAT which it shifts to or passes on to another VAT-registered entity or buyer-end-user. In other words, Output VAT minus Input VAT. Under the sa...
Read more

Had it not for Othello Dalanon's Expose of the Dunkin' Donuts Tax Anomaly, President Duterte would not have Learned about it

-
Image
Dunkin' Donuts Billion-Peso Tax Evasion Issue. Had it not for Othello Dalanon's expose of the Dunkin' Donuts tax anomaly, President Duterte wouldn't have learned about it. 🇵🇭 🔆Background Othello Dalanon, a certified public accountant, served the government for more than a quarter of a century with a humble beginning as a Janitor-Messenger who became an anti-corruption crusader in the Bureau of Internal Revenue (BIR) where he spent the great years of his life as a lowly revenue officer. He is the former BIR revenue officer who conducted the tax audit of the 2007 financial records of Golden Donuts, Inc. (GDI), the exclusive Philippine Franchisee of the global brand "DUNKIN' DONUTS" owned by the Rufino-Prieto clan of the Philippine Daily Inquirer (PDI), that culminated in the doughnut company's P1.56 billion deficiency tax liabilities which the then Commissioner of Internal Revenue Kim S. Jacinto-Henares intentionally failed to either coll...
Read more