By Vanne Elaine P. Terrazola
Sen. Vicente C. Sotto III has urged the government to launch an extensive information campaign about the recently enacted Tax Reform for Acceleration and Inclusion law to allay fears over its implementation.
Sotto made the appeal amid concerns raised over the consequences of the excise tax enforced under the TRAIN of the Duterte administration.
Critics have said it would further burden consumers, especially the poor, on the looming increase in prices of goods and utility.
“Dapat diyan ang gobyerno ipa-liwanag mabuti para hindi lang yung mga kritiko ’yung nadidinig, at ang akala tama ’yung sinabi ng kritiko,” Sotto said.
Sotto, who said he “is worried” over the negative perception on TRAIN, admitted that he, at first, was not inclined to vote for the measure due to some of the provisions he did not approve.
“Nagcritical yes ako sa second reading kasi hindi ko gusto ’yung mga nakalagay. ’Yung iba pabor sa tao, okay, ’yung iba hindi. Pero pagdating ng bicam, after ng bicam, matinong-matino ’yun. Mali ’yung mga kwentong iba dun,” he explained.
The Senate Majority Leader, for example, cited misconception on the impact of the excise tax that will be imposed on fuel products and automobiles, which triggered appeals for the increase in fares in jeepneys, taxis, and even in ride-sharing services.
Sotto denied that the Congress favored big car dealers and manufacturers and said that they would be most affected of the imposition of excise tax on automobiles.
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I have observed that over the course of building a relationship with real estate proprietors, you’ll be able to come to understand that, in every single real estate deal, a fee is paid. In the long run, FSBO sellers tend not to “save” the payment. Rather, they struggle to win the commission by simply doing an agent’s task. In the process, they spend their money and time to conduct, as best they are able to, the duties of an agent. Those duties include getting known the home by marketing, offering the home to all buyers, building a sense of buyer desperation in order to make prompt an offer, booking home inspections, controlling qualification assessments with the financial institution, supervising maintenance, and assisting the closing of the deal.
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Thanks for giving your ideas on this blog. As well, a myth regarding the banking companies intentions while talking about property foreclosure is that the financial institution will not take my payments. There is a degree of time in which the bank can take payments from time to time. If you are very deep in the hole, they’re going to commonly desire that you pay that payment 100 . However, i am not saying that they will not take any sort of payments at all. If you and the traditional bank can seem to work some thing out, your foreclosure procedure may halt. However, in case you continue to miss payments in the new strategy, the foreclosed process can just pick up from where it left off.
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One thing I have actually noticed is there are plenty of misconceptions regarding the banking companies intentions whenever talking about foreclosures. One myth in particular is the fact the bank would like your house. The financial institution wants your money, not your own home. They want the funds they loaned you having interest. Steering clear of the bank will draw any foreclosed realization. Thanks for your post.
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