ICYMI: The country’s tax burden is shifting from corporations to households. Poor and middle-class women and their families are hit harder as they pay VAT and excise taxes on basic expenses like fuel, electricity, food and transport.

#ScrapVAT #PeopleEconomics

Oil shocks risk further erosion of Filipinos' purchasing power Many Filipinos’ meager incomes will not keep pace with the rising cost of living driven by higher fuel prices.

ICYMI: Rising oil prices amid escalating conflict in the Middle East threaten to further erode Filipinos’ already weak purchasing power.

#JunkODL #ScrapVAT #PeopleEconomics

ibon.org/oil-shocks-risk-further-erosion-of-filipinos-purchasing-power