Nature of TRAIN Law discussed in Kapihan seminar

Angela Dondriano and Nathalie Espinosa March 2, 2018
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PHOTO | from AP Sherman Gabito

The fourth year Political Science students, together with Letran Politicvs, conducted this year’s Kapihan, focusing on ‘TRAIN Law: Its Uplifted Assessment and Procedural Impediments”.

The seminar was held at the St. Thomas Hall last February 9.

The objective of the ‘Kapihan’ is to spread awareness about the new implemented law, hoping that students will develop their critical thinking skills about the new tax system.

The first speaker, Julius Cainglet from the Federation of Free Workers (FFW), said that the FFW promotes the rights of workers and secures employment negotiations through collective bargaining. He added that the primary effect of the law is to lessen the personal income tax of workers earning above minimum wage but has no effect on workers already exempt from income tax. He said that it will just add burden to ordinary workers receiving tax emption already because the prices of commodities would increase without an increase in their salaries.

The other speakers were Gian Paolo de la Torre and Alexandra Jane Leonardo from the Department of Finance.

De la Torre explained the vision of the Philippine economic development, where the eradication of extreme poverty is the main track. He presented a study of possible revenues generated from 2022 to 2040 that would benefit the poor. He concluded that poverty would be reduced by 2040. The TRAIN law is a tool to reach the said goal, he said.

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