Posted inLiham at Pahayag

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

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 […]