Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the main goal of the Tax Reform for Acceleration and Inclusion (TRAIN)?
What is the main goal of the Tax Reform for Acceleration and Inclusion (TRAIN)?
- To correct deficiencies in the tax system and make it simpler, fairer, and more efficient (correct)
- To introduce complex tax regulations and increase inequality
- To reduce the value-added tax (VAT) base and lower excise taxes on oil and automobiles
- To increase personal income taxes and expand estate and donor’s taxes
What does the Tax Reform for Acceleration and Inclusion (TRAIN) seek to address?
What does the Tax Reform for Acceleration and Inclusion (TRAIN) seek to address?
- Introducing complex tax regulations and reducing social services funding
- Weaknesses of the current tax system by lowering and simplifying personal income taxes (correct)
- Increasing excise tax on sugar-sweetened beverages and reducing infrastructure funding
- Expanding the value-added tax (VAT) base and increasing estate and donor’s taxes
What is the comprehensive tax reform program (CTRP) envisioned by President Duterte’s administration?
What is the comprehensive tax reform program (CTRP) envisioned by President Duterte’s administration?
- The Tax Reform for Acceleration and Inclusion (TRAIN) (correct)
- A reduction in infrastructure funding
- An expansion of the value-added tax (VAT) base
- An increase in estate and donor’s taxes
What are the key components addressed by the Tax Reform for Acceleration and Inclusion (TRAIN)?
What are the key components addressed by the Tax Reform for Acceleration and Inclusion (TRAIN)?
Signup and view all the answers
How does the Tax Reform for Acceleration and Inclusion (TRAIN) contribute to funding infrastructure and social services?
How does the Tax Reform for Acceleration and Inclusion (TRAIN) contribute to funding infrastructure and social services?
Signup and view all the answers
Flashcards are hidden until you start studying
