Abstract
At a time when the current administration is launching a vigorous campaign to enforce the value-added tax (VAT), it would appear to some that anyone criticizing it at this stage must be unpatriotic. However, a concerned member of the academe would be recreant to his duty if he fails to objectively try to put in their proper perspective the controversial features of Executive Order No. 273 which literally pre-empted the prerogative of the newly-elected Congress to enact this tax law. The proponents of VAT claim that prices of commodities will go down and tax collections will go up when VAT is enforced at the start of 1988. Subsequent events seem to disprove their prediction. The prices of commodities have spiralled and collections have diminished substantially.
Recommended Citation
Karunungan, Ruben
(1989)
"The Controversial Features of the VAT,"
DLSU Business & Economics Review: Vol. 2:
No.
1, Article 12.
DOI: https://doi.org/10.59588/2243-786X.1641
Available at:
https://animorepository.dlsu.edu.ph/ber/vol2/iss1/12
