Advantages and disadvantages of evat in the Philippines?

Answer 1

Advantages:

The E-VAT imposes a higher tax rate on goods and services, which translate to higher revenues for the government. These revenues can be used to improve the infrastructure, environment, education and health systems, and provide more jobs for the citizens. According to "The CIA World Factbook, Book 2008," the E-VAT strengthened the Philippine peso and made it East Asia's healthiest currency in the fiscal year 2005 to 2006.

Disadvantages:

The higher tax rate imposed by E-VAT puts additional burden on its citizens, especially its lower class citizens. According to the United Department of Economic and Social Affairs Population Division, the population of the Philippines was estimated at 92 million, of which approximately 32.9 percent live below the poverty line.

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