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Tag: Ibon

‘Katas ng VAT’ Covers up How Largest Part of VAT Revenues Do Not Go to Social Programs

by drugged7/28/2008

Press Statement IBON Foundation, Inc. The administration’s “Katas ng VAT” is a pretense to cover up how the largest part of reformed value-added tax (RVAT) revenues do not go to social programs but rather to paying off debt, militarism and political patronage to prop up Pres. Gloria Arroyoâ€s unprecedented unpopular rule. The so-called pro-poor subsidies […]

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