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Effects of TRAIN fuel excise taxes on goods and prices

dc.contributor.authorCzar Joseph Castillo
dc.contributor.authorRamon Clarete
dc.contributor.authorMarjorie Muyrong
dc.contributor.authorPhilip Tuaño
dc.date.accessioned2019-12-31T14:16:35Z
dc.date.available2019-12-31T14:16:35Z
dc.date.issued2019-10-30
dc.identifier.issn2508-0865
dc.identifier.urihttp://hdl.handle.net/11540/11302
dc.description.abstractIn January 2018, the first package of the Tax Reform for Acceleration and Inclusion (TRAIN 1) Law took effect. Among others, it adjusted income brackets and personal income tax rates, excise tax rates, and value-added tax coverage. The increase in excise taxes in selected commodities is a complementary measure to the reduction of personal income tax rates. Specifically covered by excise tax adjustments are fossil fuels and petroleum products, automobiles, and sugar-sweetened beverages. Like in many countries, excise taxes are imposed on fossil fuel products due to their negative spillovers to society arising from carbon dioxide (CO2) emission, which is associated with global warming and climate change. The policy, however, does not exist in a vacuum and the shortrun inflationary costs of higher fuel prices seem too high despite potential long-run benefits. This Policy Note discusses the impacts of the increase in excise tax rates for fossil fuels under TRAIN 1 on productive activities and prices across the economy.
dc.languageEnglish
dc.publisherPhilippine Institute for Development Studies
dc.titleEffects of TRAIN fuel excise taxes on goods and prices
dc.typePolicy Notes
dc.subject.expertUrban Development Finance
dc.subject.expertTrade Finance
dc.subject.expertSmall Business Finance
dc.subject.expertRural Finance
dc.subject.expertRoundtable on International Trade and Finance
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Service Finance
dc.subject.expertPublic Finance
dc.subject.expertProject Finance
dc.subject.expertPrivate Finance
dc.subject.expertNonbank Financing
dc.subject.expertNon-Bank Financial Institutions
dc.subject.expertMunicipal Finance
dc.subject.expertLocal Government Finance
dc.subject.expertLocal Currency Financing
dc.subject.expertLimited Resource Financing
dc.subject.expertInternational Financial Institutions
dc.subject.expertInfrastructure Financing
dc.subject.expertIndustrial Finance
dc.subject.expertGovernment Financial Institutions
dc.subject.expertGovernment Finance
dc.subject.expertFinancing of Infrastructure
dc.subject.expertFinancial Sector Development
dc.subject.expertFinancial Regulation
dc.subject.expertAlleviating Poverty
dc.subject.expertAnti-Poverty
dc.subject.expertExtreme Poverty
dc.subject.expertFight Against Poverty
dc.subject.expertGlobal Poverty
dc.subject.expertHealth Aspects Of Poverty
dc.subject.expertIndicators Of Poverty
dc.subject.expertParticipatory Poverty Assessment
dc.subject.expertPoverty Eradication
dc.subject.expertPoverty Analysis
dc.subject.expertPoverty In Developing Countries
dc.subject.expertPoverty Reduction Efforts
dc.subject.expertUrban Poverty
dc.subject.adbTaxation
dc.subject.adbPublic Accounting
dc.subject.adbNational Budget
dc.subject.adbMunicipal Bonds
dc.subject.adbLocal Government
dc.subject.adbLocal Taxes
dc.subject.adbInternational Monetary Relations
dc.subject.adbInternational Financial Market
dc.subject.adbInternational Banking
dc.subject.adbCentral Banks
dc.subject.adbBusiness Financing
dc.subject.adbCapital Resources
dc.subject.adbBudgetary Policy
dc.subject.adbCapital Needs
dc.subject.adbCorporate Divestiture
dc.subject.adbCapital Instruments
dc.subject.adbPension Funds
dc.subject.adbInsurance Companies
dc.subject.adbBanks
dc.subject.adbPortfolio Management
dc.subject.adbDevelopment Indicators
dc.subject.adbEnvironmental Indicators
dc.subject.adbEconomic Indicators
dc.subject.adbEducational Indicators
dc.subject.adbDemographic Indicators
dc.subject.adbHealth Indicators
dc.subject.adbDisadvantaged Groups
dc.subject.adbLow Income Groups
dc.subject.adbSocially Disadvantaged Children
dc.subject.adbRural Conditions
dc.subject.adbRural Development
dc.subject.adbSocial Conditions
dc.subject.adbUrban Development
dc.subject.adbUrban Sociology
dc.subject.naturalGrants
dc.subject.naturalLoans
dc.subject.naturalUse tax
dc.subject.naturalTaxing power
dc.subject.naturalState of taxation
dc.subject.naturalTax-sales
dc.subject.naturalTax revenue estimating
dc.subject.naturalTax planning
dc.subject.naturalSpendings tax
dc.subject.naturalSpecial assessments
dc.subject.naturalTax administration and procedure
dc.subject.naturalSales tax
dc.subject.naturalReal property and taxation
dc.subject.naturalProgressive taxation
dc.subject.naturalEffect of taxation on land use
dc.subject.naturalEffect of taxation on labor supply
dc.subject.naturalIntergovernmental tax relations
dc.subject.naturalInheritance and transfer tax
dc.subject.naturalEnergy tax
dc.subject.naturalInvestment of public funds
dc.subject.naturalIntergovernmental fiscal relations
dc.subject.naturalSocial infrastructure
dc.subject.naturalPublic works
dc.subject.naturalGovernment lending
dc.subject.naturalPoor
dc.subject.naturalEconomic forecasting
dc.subject.naturalHealth expectancy
dc.subject.naturalSocial groups
dc.subject.naturalPolitical
dc.subject.naturalDistribution of income
dc.subject.naturalInequality of income participation
dc.subject.naturalDistribution of income
dc.subject.naturalInequality of income
dc.subject.naturalDeveloping countries
dc.subject.naturalRural community development
dc.subject.naturalMass society
dc.subject.naturalSocial change
dc.subject.naturalSocial policy
dc.subject.naturalSocial stability
dc.subject.naturalPopulation
dc.subject.naturalSustainable development
dc.subject.naturalPeasantry
dc.subject.naturalUrban policy
dc.subject.naturalUrban renewal
dc.subject.naturalHousehold borrowing
dc.subject.naturalhousehold debt
dc.title.seriesPIDS: Policy Notes
dc.title.volumeNo. 2019-11
dc.contributor.imprintPhilippine Institute for Development Studies
oar.themeFinance
oar.themePoverty
oar.adminregionSoutheast Asia Region
oar.countryPhilippines
oar.identifierOAR-010666
oar.authorCastillo, Czar Joseph
oar.authorClarete, Ramon
oar.authorMuyrong, Marjorie
oar.authorTuaño, Philip
oar.importTRUE
oar.googlescholar.linkpresenttrue


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