The Standard - 2015 September 21 - Monday

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VOL. XXIX NO. 221 3 Sections 32 Pages P18 mONday : SEPTEmBER 21, 2015 www.thestandard.com.ph editorial@thestandard.com.ph

UPlb slams television network

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vAt Hike blASted ‘Plan will defeat purpose of income tax reduction’ By Christine F. Herrera and Macon Ramos-araneta

OPPOSITION lawmakers on Sunday rejected a Palace proposal to increase the value-added tax from 12 percent to 14 percent, saying this would defeat the purpose of providing relief to ordinary workers by lowering their income taxes.

Finance officials earlier suggested increasing the VAT to offset lost government revenues from a lowering of income tax rates that Congress is pushing. But Leyte Rep. Ferdinand Martin Romualdez said any revenue losses would be minimal and could be offset by a more aggressive campaign against tax cheats

and smugglers. “If the government will focus on apprehending big-time smugglers, the possible loss of revenue as an offshoot of lowering income taxes will be addressed,” Romualdez said. Valenzuela Rep. Sherwin Gatchalian also rejected raising the VAT on products and services. “Increasing the VAT rate will

definitely have a negative effect on the purchasing power of the poor, who are always the first to bear the brunt of price hikes of basic commodities and utilities,” Gatchalian said. Gatchalian slammed as “antipoor” the Finance Department proposal to use a higher VAT rate to offset losses from lower income taxes. Next page

Welcome sight. Camarines Sur Rep. Leni Robredo, who is being eyed as the vice presidential running mate of Manuel Roxas II, waves to her Bicolano friends from the terrace of her ancestral house in Naga City during last weekend’s celebrations in honor of Our Lady of Peñafrancia. Danny Pata

House asks Palace to give SAF 44 top honors

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Chiz: Lacierda must leave Malacañang By Macon R. araneta and Sandy araneta SENATOR Francis Escudero on Sunday said presidential spokesman Edwin Lacierda should resign and join the campaign team of Liberal Party candidate Manuel Roxas II if he wants to engage in

politicking. Escudero, who announced he would run for vice president alongside Senator Grace Poe, who is seeking the presidency, was reacting to Lacierda’s statement that Poe’s campaign jingle was confusing because it suggests a new direction while embracing the

administration’s “straight path” platform of governance. Did Poe want change or continuity, Lacierda asked. “Before I answer that question, I will ask Secretary Lacierda— what does he really want? Does he want to be the spokesperson Next page


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