The economy on a cusp: the proposed VAT amendments and their larger significance

Emmanuel de Dios
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Emmanuel de Dios: School of Economics, University of the Philippines Diliman
Authors registered in the RePEc Author Service: Emmanuel S. de Dios ()

No 200505, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: Debates on the revision of the value-added tax (VAT) are about to reach the penultimate stage. Once house and senate have passed their respective versions of the bill, congress – through a bicameral conference committee sometimes referred to as the “third chamber” – must then agree on the final form of the law. After all the media-posturing, the politicking, and horse-trading have subsided, politicians of both chambers are still left to confront the nation’s true interests – and their own consciences. It is vital that they finally pass a law that is right in form and adequate to the economy’s needs.

Pages: 18 pages
Date: 2005-03
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Published as UPSE Discussion Paper No. 2005-05, March 2005

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