EDITORIAL : What tax holiday?

April 21, 2011 at 11:10 pm Leave a comment


For the last eight years, the people of Pangasinan have in fact been enjoying a prolonged real property tax holiday, wrote Governor Amado T. Espino Jr.

By definition of wikipedia, a tax holiday is a temporary reduction or elimination of a tax as incentives for business investments.

Investopedia defines tax holiday as a government incentive program that offers a tax reduction or elimination to businesses. Tax holidays are often used to reduce sales taxes by local governments, but they are also commonly used by governments in developing countries to help stimulate foreign investment.

Was there a reduction of real property taxes in the past eight years?

Was there an elimination of real property taxes in the past eight years?

The fact is the provincial government has been enjoying collecting real property taxes for the last eight years.

A farm owner in Pozorrubio who has been paying P1,040 every year for the last 8 years should be happy that he is now paying a slightly –according to the provincial government –increased amount of P3,200.

To a farm owner, he will never understand that the P2,1600 increase is slight compared to P1,040 that he was paying every year for the last eight years.

The fact is the farmer does not enjoy paying P1,040 every year nor will he enjoy paying the new rate of P3,020 per year.

Some mayors are asking when were they given the 40% share of municipalities from the real property tax for the last eight years.

Some Punong barangays are asking when were they given the 25% share of barangay from the real property tax for the last eight years.

Some people are asking how has the 35% share of the province from the real property taxes been spent for the last eight years.

The problem with taxation is that the government takes money from the people and gives it back to them through projects and services.

There is a school of economic thought that the more disposable income in the hands of the people means more and diverse economic activities.

The additional P2,160 in the hands of the taxpayers as disposable income for basic necessities will increase consumer demand leading to brisk sales for businesses.

Increased consumer demand leads to increased production making it necessary for manufacturers to increase labor requirements.

The huge increase in real property tax in anti-development.

Entry filed under: News.

‘Of course, our idol, senior in government service, Mayor Nani Braganza’…Pres. Noynoy Aquino

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