Thursday, January 27, 2005

what about efficiency?

Although it might be necessary to increase the vat (from 10% to 12%), to address the increasing financial deficit of the government... the cute administration should also look into how the original vat is being collected.

I have read somewhere that only 50% of the vat is being collected by the government. If collection is more efficient, we could have increase the rate of collection thus increasing the amount collected. I see the tax issue as necessary evil, how ever, an increase in taxes is not the only solution. Efficiency and effectiveness of collection as well as honesty on the part of the government, BIR personnel and tax payer are also key.

As a tax payer, we would want to know that our taxes are going into the rigth project and NOT TO CORRUPT OFFICIALS. I mean if we know and see that government services are improving, why would I not pay my taxes. But as it is, a growing number of Filipinos are tempted to cheat on payment or not pay their taxes at all.

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