About Per SE

Commentary and research on current events and public policy by economists from the University of the Philippines
Posts tagged "finance and taxation"

‘Weaponized’ incentives and TRAIN 2

That the discussion of incentives to correct a missing market failure has gravitated around incentives to attract entry is natural. But sometimes, entry is only one part of the equation. The incentives to stay is another.

Inflation, the peso, and overall spending

The rising prices are felt generally across sectors of the economy. However, they accelerate the problems of the most vulnerable, the poor and those whose incomes are not catching up with inflation.

TRAIN 2: The failures it addresses

A successful flagship economic program will ensure Duterte a bright legacy; a mangled one will sink that legacy no matter the political projects. Even so, TRAIN 2 still has ways to go.

And do our politicians care?

"The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations despite some stabilization of investment growth.” That’s from the World Bank’s Global Economic Prospects (GEP) which came out last month.

Managing inflation, or rising prices

The Philippine Statistics Authority reports that prices in January compared to those of the same month last year, rose four percent. While this is a moderate inflation rate, new conditions are creating inflationary pressures. Monetary authorities will face these challenges as they try to stabilize prices in a time of sustained growth effort.

Übermensch

In Shakespeare’s Act III of Julius Caesar, Mark Anthony joined the funeral of, after Brutus and kindred souls had done the Ides of March number on, Julius Caesar. The starting line of his famous spiel included: “I came to bury Caesar, not to praise him.”

What to expect in 2018 for the economy

At this time of the year, many are wondering what 2018 holds for the Philippine economy.

Put the TRAIN back on track

The TRAIN (Tax Reform for Acceleration and Inclusion) is being derailed, and I cannot understand why Malacañang called in the senators last Wednesday, apparently to urge them to pass the derailed version. My information is that 16 of them responded.

Tax reform for a higher level of economic development

The tax reform is intended to boost the government’s capacity to finance the nation’s public investment needs to improve the much needed lack in infrastructure facilities. In addition, it aims to sustain targeted social protection programs that help the very poor.

Inclusion and exclusion in TRAIN

There are two flavors of inclusion: one is reduced income inequality; the other is reduced poverty incidence. They are not the same; nor does one necessarily follow the other. So they require different policy responses.

Why Pacquiao deserves kudos

Belated kudos to Sen. Manny Pacquiao, the first senator to figuratively give the finger to the cigarette/tobacco lobby. A week or so ago, he introduced “An Act Raising the Excise Tax on Tobacco Products and Amending for the Purpose Pertinent Sections of the National Internal Revenue Code, as Amended.”

More flawed than the House TRAIN

The Senate not only did not stand up to the powerful lobbies, it also became their doormat.