Speaking of taxes, my favourite economist and TV personality Winnie Monsod writes in her column how the Tax Amnesty Bill surreptitiously passed into law:
It took them nine years, but they did it. They finally succeeded in pushing a tax amnesty bill into law. And it was so quietly (the more accurate word may be “sneakily”) done that I didn’t even know it until I read it in one of the newspapers a couple of days ago—the implementing rules and regulations (IRR) for the tax amnesty law are already being prepared and will be released very soon.Winnie must have been very upset by this news because this is the strongest language I've read from her column so far:
Yet another example of the common good being sacrificed for personal interests. Another example of tax-paying Juan de la Cruz getting the short end of the stick in favor of the cheats and evaders—with no more white knights in the Senate to save him.Nine years these tax evaders lobbied government to be "forgiven" their debt to the Filipino. They must be very happy their "investments" paid off. In the meantime, we of the salaried-about-t0-be-extinct Middle Class have no such recourse. I think its bizarre how they named it "An Act Enhancing Revenue Administration and Collection By Granting an Amnesty on All Unpaid Internal Revenue Taxes Imposed by the National Government For Taxable Year 2005 and Prior Years." How does it enhance revenue collection when you let tax evaders get away? This government must really love George Orwell.
If you're curious, read the Senate Bill 2479 for yourself here. Don't you just looove the internet?