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TRAIN 2 not Senate priority, says Zubiri

https://www.youtube.com/watch?v=mlH_Seof-uE Senate Majority Leader Juan Miguel Zubiri on Thursday said there was a need to ensure that inflation was going down before tax measures that could adversely affect investments were considered.   Zubiri made the statement as he disclosed that the Tax Reform for Attracting Better and High-quality Opportunities (Trabaho) bill was not among the Senate's priority measures.   The Trabaho bill, also known as TRAIN (Tax Reform for Acceleration and Inclusion) 2, continues to have little support in the chamber, Zubiri said.   The bill would rationalize the incentives given to businesses and lower the corporate income t...Keep on reading: TRAIN 2 not Senate priority, says Zubiri.....»»

Category: newsSource: inquirer inquirerNov 9th, 2018

TRAIN 2 not Senate priority, says Zubiri

https://www.youtube.com/watch?v=mlH_Seof-uE Senate Majority Leader Juan Miguel Zubiri on Thursday said there was a need to ensure that inflation was going down before tax measures that could adversely affect investments were considered.   Zubiri made the statement as he disclosed that the Tax Reform for Attracting Better and High-quality Opportunities (Trabaho) bill was not among the Senate's priority measures.   The Trabaho bill, also known as TRAIN (Tax Reform for Acceleration and Inclusion) 2, continues to have little support in the chamber, Zubiri said.   The bill would rationalize the incentives given to businesses and lower the corporate income t...Keep on reading: TRAIN 2 not Senate priority, says Zubiri.....»»

Category: newsSource:  inquirerRelated NewsNov 9th, 2018

Rough road ahead for TRAIN 2 — Zubiri

THE controversial Tax Reform for Acceleration and Inclusion (TRAIN) 2 faces an uphill climb in the Senate after Senate President Vicente “Tito” Sotto III filed it yesterday. Senate Majority Leader Juan Miguel Zubiri confirmed that the senators are still not inclined to approve the second package tax reform which primarily….....»»

Category: newsSource:  journalRelated NewsAug 1st, 2018

Zubiri calls for probe vs illegal profiteers of TRAIN Law

Senator Juan Miguel Zubiri said he is poised to file a resolution asking to conduct an inquiry into the reported illegal price increase and profiteering made by some unscrupulous businesses after the Tax Reform Acceleration and Inclusion (Train) Law took effect last Jan. 1.   In a press briefing on Thursday, Zubiri, who chairs the Senate trade, commerce and entrepreneurship panel, said he was alarmed over the reported price increases even without the advise of the Bureau of Internal Revenue (BIR), Department of Finance (DOF), and the Department of Trade and Industry (DTI).   "Naalarma nga ako na nagkaroon ng price increases na wala pang utos ang BIR, DOF, wala p...Keep on reading: Zubiri calls for probe vs illegal profiteers of TRAIN Law.....»»

Category: newsSource:  inquirerRelated NewsJan 18th, 2018

Fighting the WTO

SENATOR Miguel Zubiri is right – the Philippine sugar industry might have won a slim and precipitous victory in the Senate but the battle against the high fructose corn syrup is not yet won. The proposed Tax Reform for Acceleration and Inclusion, easily recalled by its acronym, TRAIN, has not yet been signed into law […] The post Fighting the WTO appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 13th, 2017

'AskTheTaxWhiz: Will employees benefit from TRAIN?

When will the proposed tax reform bill be passed? When will it be implemented? Given all the investigations and other hearings in the Senate, can they really pass the TRAIN bill? The TRAIN (Tax Reform for Acceleration and Inclusion) bill has been certified as a priority bill of the ........»»

Category: newsSource:  rapplerRelated NewsNov 17th, 2017

DoF echoes President’s call on tax reform bill

The Department of Finance (DoF) on Tuesday echoed President Rodrigo Duterte’s call for the Senate to pass the proposed Tax Reform for Acceleration and Inclusion (Train) Act. “With the President’s certification of the Train bill as an urgent and a priority measure, complemented by the personal appeal he made before our lawmakers in his SONA, [...].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 25th, 2017

Re-electionist senators bask on performance

BACOLOD City – Senators Sonny Angara and JV Ejercito said they hope to get re-elected in spite of formidable contenders in the 2019 senatorial race. “We may not be popular but we have performed and delivered,” both said in a press conference here on December 8, 2018 with Senate Majority Leader Migz Zubiri at Stonehill Suites owned […] The post Re-electionist senators bask on performance appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsDec 9th, 2018

1,200 companies to pullout if TRAIN 2 is passed, Drilon warns

Senate Minority Leader Franklin Drilon warned that Philippine direct investments and employment would be in jeopardy if the second package of the Tax Reform for Acceleration and Inclusion (TRAIN) law pushes through. 1,200 companies to pullout if TRAIN 2 is passed, Drilon warns Source link: 1,200 companies to pullout if TRAIN 2 is passed, Drilon warns.....»»

Category: newsSource:  manilainformerRelated NewsDec 5th, 2018

Zubiri wants Galvez to replace Dureza; peace advocates say no to military Peace Adviser

DAVAO CITY (MindaNews / 04 December) -- A week after Presidential Adviser on the Peace Process Jesus Dureza resigned following President Rodrigo Duterte's firing of his two undersecretaries due to corruption, no successor has been appointed even as names have been floated, including retiring Armed Forces Chief of Staff Gen. Carlito Galvez. Senate Majority Leader Juan Miguel Zubiri, who hails from Bukidnon in Maguindanao said Galvez,  who will be retiring by December 12, would be a "good replacement" for Dureza but peace advocates in Mindanao say the next Peace Adviser should not come from the military......»»

Category: newsSource:  mindanewsRelated NewsDec 4th, 2018

Gov’t must aid those affected by 2nd fuel tax hike – Angara

MANILA, Philippine --- The government must be ready to provide assistance to those who would be affected by the additional tax on fuel in 2019. Sen. Sonny Angara, chairman of the Senate Committee on Ways and Means, reiterated this call on Tuesday when sought for comment on President Rodrigo Dutert's decision to approve the additional excise tax on fuel starting January next year. READ: Duterte approves 2nd round of fuel excise tax hike in 2019 The second round of increases was provided for under the Tax Reform for Acceleration and Inclusion (TRAIN) Act. Angara noted that in his previous statement he had called on the government to first provide in full all the social mitigati...Keep on reading: Gov’t must aid those affected by 2nd fuel tax hike – Angara.....»»

Category: newsSource:  inquirerRelated NewsDec 4th, 2018

Palace still hopeful on Cha-cha, federalism

Malacañang remains optimistic that Congress will pass a measure amending the Constitution and adopting a federal system of government even if it is not a priority of the Senate......»»

Category: newsSource:  philstarRelated NewsDec 3rd, 2018

Palace told to decide soon on martial law extension | Inquirer News

Malacaang should reach a decision whether to ask for an extension of martial law in Mindanao before legislators go on vacation, according to a Senate leader. Senate Majority Leader Juan Miguel Zubiri.....»»

Category: newsSource:  philippinetimesRelated NewsDec 1st, 2018

Zubiri confirms budget insertions | The Manila Times Online

SENATE Majority Leader Juan Miguel Zubiri on Thursday confirmed that all members of Congress have institutional insertions in the national budget, but said those things are not wrong. Zubiri madeREAD.....»»

Category: newsSource:  manilanewsRelated NewsNov 30th, 2018

Senators warn against recall of fuel tax hike suspension in 2019

Some senators rejected Friday the plan of President Rodrigo Duterte's economic managers to proceed with the second tranche of oil excise tax hike set on January 2019 as mandated under the Tax Reform for Acceleration and Inclusion (TRAIN) law.   Senator Sonny Angara, chair of the Senate ways and means panel, argued that the effects of the recent drop in global oil prices and the seven consecutive weeks of fuel price rollbacks were still not being felt by ordinary Filipinos.   "(T)hese oil price reductions have to be felt by Filipinos. Hindi po dito dapat nagtatapos ang rollback. Dapat sundan din ito ng rollback sa presyo ng mga pangunahing bilihin. Dapat lang na guma...Keep on reading: Senators warn against recall of fuel tax hike suspension in 2019.....»»

Category: newsSource:  inquirerRelated NewsNov 30th, 2018

12-hour workday for senators

The Senate is committed to work 12 hours a day starting next week to be able to pass the P3.737-trillion 2019 national budget in December to prevent a reenacted budget next year that could delay government projects, Senate Majority Leader Juan Miguel Zubiri said yesterday......»»

Category: newsSource:  philstarRelated NewsNov 30th, 2018

Senate to ratify bill for bigger license plates

The Senate is set to ratify a bill that would require motorcycles and scooters to have two large license plates for easy identification, Senate Majority Floor Leader Sen Juan Miguel Zubiri said yesterday......»»

Category: newsSource:  philstarRelated NewsNov 29th, 2018

Bicam OKs universal health care bill

The Senate and the House of Representatives yesterday approved at the bicameral conference committee the reconciled version of the universal health care (UHC) bill, a priority legislation that seeks to cover all Filipinos with health insurance......»»

Category: newsSource:  philstarRelated NewsNov 27th, 2018

PH gov’t to operate under reenacted budget until Feb 2019

MANILA, Philippines – It’s final: the government will be operating under a reenacted budget until at least the first week of February 2019. This was approved on Monday, November 26, in an all-senators caucus.  The government is operating on a P3.767 trillion national budget for 2018 , and is proposing P3.757 for 2019 –  Senate Majority Leader Juan Miguel Zubiri gave ........»»

Category: newsSource:  rapplerRelated NewsNov 26th, 2018

Senators eye Duterte signing of 2019 budget by February 

      It's official, the Senate will not be able to approve the 20019 budget before the year-end and the government may have to operate under a reenacted budget until the first week of February next year.   In an all-senator caucus on Monday, the Senate agreed on a tentative schedule for the approval of next year's budget.   A copy of the schedule released to the media by Senate Majority Leader Juan Miguel Zubiri showed that the Senate would adjourn its session on December 14 without passing the budget even on second reading.   The Senate has already received the 2019 General Appropriations Bill (GAB) from the House of Represen...Keep on reading: Senators eye Duterte signing of 2019 budget by February .....»»

Category: newsSource:  inquirerRelated NewsNov 26th, 2018

Government to operate on reenacted budget for 1 month

The government is likely going to operate on a reenacted budget in the first few weeks of 2019 due to the lack of time in the Senate to deliberate on the proposed P3.757-trillion national budget for next year, Majority Leader Juan Miguel Zubiri said yesterday......»»

Category: newsSource:  philstarRelated NewsNov 21st, 2018