Higher taxes await Filipinos as debt amounts to trillions
Under the new Marcos regime, how will the country pay for its debts? Ibon Foundation, an independent think tank, said that government officials are eyeing higher taxes in the coming years.
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Under the new Marcos regime, how will the country pay for its debts? Ibon Foundation, an independent think tank, said that government officials are eyeing higher taxes in the coming years.
Despite harsh prospects under the Marcos Jr. administration, activists say the fight is not over.
The plight of Hacienda Tinang farmers brought to mind how land reform and due support continue to evade Filipino farmers.
Ibon Foundation said that the Rice Tariffication Law has never benefited farmers. From P385 billion in 2018 ($7 billion), the value of palay production declined to P333 billion ($6.06 billion) in 2021 despite an increase of 894,076 metric ton in production volume.
“We had to start from scratch. We still cannot sleep at night because of the memories of our arrests. I am still reeling from the anxiety and trauma.”
Under President Rodrigo Duterte, the wee hours of the morning have been filled not with calmness but with anxiety as government critics fear they may be the next targets of illegal arrests and even graver rights abuses.
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