taxes on petroleum and electricity hit the poor a lot less than their higher-income counterparts…
“…taxes on petroleum and electricity hit the poor a lot less than their higher-income counterparts. Thus, cutting these taxes would only help the latter more. Cutting the VAT as a whole would have largely the same effect, inasmuch as the products most dominant in the budgets of the poor are already VAT-free to begin with.”
Read why Cielito Habito of the PDI thinks that cutting taxes to help the poor is not a very good idea. (via rose)
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