STORIES OF THE DAY


LABOR GROUP URGES GOV'T TO CONVENE REGIONAL WAGE BOARDS



Due to rising global oil prices and higher excise tax on petroleum products, calls to convene the regional wage boards and repeal a provision of the Tax Reform for Acceleration and Inclusion (TRAIN) Law also continue to increase.

In line with this, the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) is calling on the 17 regional wage boards to grant workers across-the-board pay hikes.

According to the labor group, wage boards are tasked to adjust wage rates due to the conditions affecting workers to cope with inflation.

ALU-TUCP national executive vice president Gerard Seno, in a statement, said rising inflation eroded the purchasing power of a minimum wage earner.

To cope with the rising cost of living and live above the poverty line, the group estimates that a Filipino family of five needs at least P1,200 a day.

Meanwhile, National Anti-Poverty Commission (NAPC) Chair Liza Maza wondered why the excise tax on TRAIN law was subject to the Value Added Tax (VAT), making recent tax increases higher.

According to her, this week's oil price hike was made “more oppressive” by the “double taxation.”

Maza stressed the excise tax on fuel is now P7 per liter for gasoline, P2.50 per liter for diesel and LPG and P3 per liter for kerosene.

She then urged the Department of Finance (DOF) to reassess the TRAIN law and consider proposals to repeal portions on taxes of oil products.