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

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  • Emmanuel S. de Dios et al

    (School of Economics, University of the Philippines Diliman)

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.

Suggested Citation

  • Emmanuel S. de Dios et al, 2005. "The economy on a cusp : the proposed VAT amendments and their larger significance," UP School of Economics Discussion Papers 200505, University of the Philippines School of Economics.
    • Handle: RePEc:phs:dpaper:200505
    as

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    File URL: http://www.econ.upd.edu.ph/dp/index.php/dp/article/view/123/121
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    References listed on IDEAS

    as
    1. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
    2. Mr. Kevin Fletcher, 2005. "Increasing Public Sector Revenue in the Philippines: Equity and Efficiency Considerations," IMF Working Papers 2005/022, International Monetary Fund.
    3. Emmanuel S. de Dios, et al, 2004. "The Deepening Crisis : The Real Score on Deficits and the Public Debt," UP School of Economics Discussion Papers 200409, University of the Philippines School of Economics.
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