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    PERCEPTIONS OF GRADE 12 ABM STUDENTS OF TARLAC AGRICULTURAL UNIVERSITY-LABORATORY SCHOOL S.Y 2019-2020 ON TRAIN LAW   Thesis Proposal   Jennieca Joyce Alagar Tablarin   Ann Gel Antic Ulanday   August 2019      CHAPTER I   INTRODUCTION   Despite various reform efforts over the years, the tax system in the Philippines is weighed down by persistent weaknesses. Tax rates are high relative to the country’s ASEAN neighbors yet revenue productivity remains low. Filipino individual taxpayers are overburdened by personal income tax brackets that have not been indexed to inflation, resulting in bracket creep. The corporate income tax rate is among the highest in the ASEAN region, adversely affecting the private sector’s competitiveness, especially in the face of ASEAN integration and increasing globalization. The fiscal incentive system is  plagued by redundant incentives that result in sizable foregone revenues (Medalla 2002), and as such need to be rationalized. The base of the value-added tax has become too narrow because of numerous exemptions. Inflation has eroded the real value of peso-denominated petroleum excise tax rates, and the regime generally suffers from efficiency issues. Finally, taxation of financial instruments lacks neutrality as rates vary according to the type of instrument, maturity, currency, and residency of depositor/ transacting  party. As a result, the tax system has continually failed to meet known benchmarks on revenue collection and constrained the national government’s ability to finance inclusive growth (Reside and Burns 2016). Amidst strong macroeconomic fundamentals and improved credit ratings in recent years, job creation and poverty reduction have remained elusive as low tax effort and weak public investment management reduced government    spending on infrastructure, education, and health (World Bank 2014). A comprehensive tax reform effort appears to be well-justified not only in light of these issues but also of the piecemeal character of past reforms to the tax system.   In response to these issues, the TRAIN Law is implemented. The Tax Reform for Acceleration and Inclusion (TRAIN) Law is the first tax reform program on President Rodrigo Roa Duterte’s administration and was sponsored by Senator Sonny Angara. The law was signed by President Duterte last December 2017 as Republic Act 10963. The TRAIN Law includes the lowering of the individual income taxation, reducing Value-Added Tax base, increasing taxes on petroleum products and automobiles, and introducing taxes for Sugar  –   Sweetened Beverages and cigarettes. The TRAIN law is banking on the economic growth that will be generated by the infrastructures to be built and whose funds will be drawn from the tax revenues, as well as from foreign development assistance whose release is premised on the approval of the TRAIN law. It is also hoped that the so- called “Build Build Build” initiative will generate demand for construction-related work.   By the implementation of TRAIN Law, Filipino  –   ordinary citizens, employees, employers, the self  –   employed, the poor and the rich were all affected. In line with this issue.    Statement of the Problem   This research work aims to answer the following questions:   1. How may the students be described as to:   a. Gender     b. Average daily allowance   c. Degree to pursue   2. What are the student’s perceptions towards TRAIN Law?   3. What are the assessment of the students regarding the TRAIN Law?   Objectives of the Study   This study will accomplish the following objectives:   1. To determine the Grade 12 ABM student’s profile in terms of:   a. Gender     b. Average Daily Allowance, and   c. Degree to pursue   2. To determine the student’s perceptions towards TRAIN Law.   3. To determine the assessment of the students towards TRAIN Law.  


Sep 22, 2019
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