DOF’s tax plan, a ‘game changer’

MANILA - A senior economist of the advocacy group Action for Economic Reforms (AER) believes the proposed tax reform plan of the Department of Finance (DOF) could be a “game changer” that intends not just to generate revenues but to raise enough funds to let the government address the backlog in physical and human capital investments.

AER senior economist Jo-Ann Latuja Diosana said at a tax forum that her organization is “very supportive” of the design of the DOF’s tax reform program as it focuses on how to make the current tax system more equitable, efficient, fair and progressive.

“While we are still working on the details, we see a lot of potential in this package and how it can really be a game changer for the country, especially that right now, we face a lot of constraints, specifically in infrastructure and investments in human capital, such as on health and education,” Diosana said at a recent forum organized by the AER as part of the DOF’s sectoral consultations on its proposed tax policy and administration reforms.

“I’d like to also commend the DOF for presenting it in a way that [shows] the objective is not just revenue generation and upgrading of credit ratings. The main objective is really to be able to generate funds to improve the welfare of the

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