The Comprehensive Tax Reform Program or more popularly known as TRAIN (Tax Reform for Acceleration and Inclusion) which was recently signed into law in the Philippines has caused further divide on whether it would really benefit the poor as it had envisioned.

It his recent opinion piece on BusinessWorld, Nonoy Oplas, President of Minimal Government Thinkers, a member-institute of EFN Asia, argues that “among the common strategies used by an oppressive policy or government is to subsume anddisregard individual concerns and put the community and society on top of almost everything.”

“The premise is that the Build (infrastructure) program is not possible without higher taxes, without new loans especially from China communist government, and that existing taxes and welfare programs are still insufficient. It is a flawed and lousy premise.”

Oplas quotes Jeremy Bentham, English philosopher and economist who pioneered utilitarianism, who said: It is vain to talk of the interest of the community, without understanding what is the interest of the individual.

Read the full article here.

RECENT POSTS

7

Jun,2018

EFN Goes to Panama

Panama is a regional hub of trade and immigration. The resulting cultural cocktail forges a refreshing ‘anything goes’ attitude, more

23

May,2018

Is Islam compatible with free market principles?

Competition, and voluntary exchange between buyers and sellers define a free market. It is the free flow of goods with

8

May,2018

Development means more people living a life in dignity

“The basic idea of liberalism is that governments and societies should aim at giving more freedom to all the members