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News Release, 13 September 2004
Palace nixes plan to tax OFWs
Instead of giving additional tax burden to the overseas Filipino
workers (OFWs), the government would rather push for the passage of the eight
priority revenue measures in the House of Representatives.
In a press briefing following a thanksgiving lunch he tendered for the
Malacanang Press Corps at the Emperor Villa Seafood Restaurant in
Binondo, Manila, Press Secretary Ignacio Bunye said that the President is
not amenable to taxing the OFWs.
"The President is putting her foot down on this proposed tax," said
Bunye, referring to the proposed re-imposition of the gross income tax on
all OFWs now being studied by the Department of Finance (DOF).
He said the Palace instead is pushing for the passage of the eight
priority measures in the House of Representatives.
"We are sticking to the eight revenue measures that we have discussed
before and we would like this prioritized. The tax on OFWs is not one of
them," Bunye said.
The President had earlier asked Congress to consider eight new tax
measures namely, including increasing to P2 the specific taxes on petroleum
products; increasing the value-added tax (VAT) to 12 percent and later
to 14 percent; indexing sin taxes; rationalizing government fees and
charges; taxing the windfall telecommunications profits; shifting to the
gross income-tax system; granting a general tax amnesty; and the
lateral attrition law.
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