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Storyboard Text
- The Evol
- These are valuable taxes, and they are the government's mechanism for raising funds.
- This is what happened.
- Trix, what exactly are we paying this extra sum for?
- Why did our heores' cedulas get stolen off so long ago and these taxes didn't stop?
- Taxation During Spanish Era
- Taxation Under the Americans
- Taxation During the Commonwealth Period
- Galleon Trade, forced labor, which Male Filipinos were obligated to serve, and deaths were all part of the taxation in the Philippines during the Spanish Colonial Period.
- Aquino Regime (1965-1986) & Arroyo's (200-2010)
- The goal of the Americans was to make the economy self-sufficient by running the government on the lowest feasible revenue and creating a budget surplus. They also put in place the land tax.
- Duterte Regime (2016-Present)
- The Cedula Tax was repealed in 1937, which was considered a progressive measure at the time. The Commonwealth of the United Kingdom developed the National International Revenue Code in 1939, which made significant improvements to the new tax structure.
- Under Aquino's administration, the Value Added Tax (VAT) was implemented. In 2005, under Arroyo's administration, the Expanded Value Added Tax (E-VAT) was signed into law as RA 9337.
- Now, under Duterte's administration, he has promised to reduce the income tax burden on working Filipinos. In addition, the Tax Reform for Acceleration and Inclusion (TRAIN) bill went into effect. The proposed tax reform also aims to reduce VAT exemptions and raise excise taxes on gasoline and autos.
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