TRAIN Law Quiz
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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?

  • 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?

  • 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)?

    <p>Lowering and simplifying personal income taxes, expanding the value-added tax (VAT) base, adjusting oil and automobile excise taxes</p> Signup and view all the answers

    How does the Tax Reform for Acceleration and Inclusion (TRAIN) contribute to funding infrastructure and social services?

    <p>Through contributions from every Filipino in funding more infrastructure and social services</p> Signup and view all the answers

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