Zarate warns of four more TRAIN laws to come

Bayan Muna party-list Representative Carlos Zarate on Monday warned that more tax reform measures will come even as the inflation rate further accelerated to 6.4 percent last month.
Aside from the first and second packages of the Tax Reform for Acceleration and Inclusion (TRAIN) measures, there are four more bills that have been submitted by the Department of Finance to Congress, Zarate said.
These are “TRAIN 1B, TRAIN 2+, TRAIN 3 and TRAIN 4,” Zarate said.
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“TRAIN 1B deals with tax amnesty for smugglers as well as the motor vehicle user charge. TRAIN 2+ is on alcohol and tobacco excise taxes along with mining taxes. TRAIN 3 is on property taxation, and TRAIN 4 is on capital income taxation,” the lawmaker said.
“These bills would definitely further hike prices of goods and services even if the Duterte administration would say that the targets of these tax measures are the rich,” he added.

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