Industry group calls gov’t to revise TRAIN Law
The Federation of Philippine Industries (FPI) said that if the government won’t repeal Tax Reform for Acceleration and Inclusion (TRAIN) Law, it should at least push for some changes to it as prices of goods continue to rise in the country.
FPI said the levy on sugar sweetened beverages under TRAIN law is like a tax on water, a report in Philippine Daily Inquirer showed.
“We cannot help but observe that the government is singling out sugar yet again with this planned move,” FPI chair Jesus L. Arranza said.
He added that sugar “did not deserve to be put in a bad light by such measures, considering that many companies in the manufacturing sectors rely on it”, the report further showed.
FPI is comprised of 132 individual firms and 32 industry groups, mainly on the confectionary and beverage sector.