A Quick Note on Grain Taxes
Day 535, 09:36
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Published in Philippines 
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by
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by HazzN
Import Tax has been increased to 60%, whilst income tax and VAT are at their lowest yet.
Why? VAT and income tax land the buyer with an extra bill. We do not want to starve our nation. However, there is concern that foreign companies are putting our local General Managers out of business.
We have our own grain resources.
It was cheaper for us to produce grain and food in this country, than it was to import from abroad. However, after the mess the SGV made of our nations taxes, local food prices have risen, allowing foreigners to undercut us, forcing all local grain suppliers to shut down. If we had allowed this to continue, our economy may never have recovered. By increasing import taxes, our local businesses will be able to flourish once again, which will in time stabilise our economy and lead to the lowest food prices yet.
Though prices may be high now, they will come down.
Economies don't fix themselves over night. The government is doing all it can, by allowing local companies to grow, which lead to a strong economy that will benefit us all in the long term. The governments plan is a major stepping stone to creating a great nation that we can all be proud of. It is wrong to condemn them because we are a few quid out of pocket this week, especially considering this is the aftermath of a very damaging political takeover lead by the Spanish.
We must fix the economy by allowing local companies to thrive.
We must refill our treasury to allow our country to grow.
Why? VAT and income tax land the buyer with an extra bill. We do not want to starve our nation. However, there is concern that foreign companies are putting our local General Managers out of business.
We have our own grain resources.
It was cheaper for us to produce grain and food in this country, than it was to import from abroad. However, after the mess the SGV made of our nations taxes, local food prices have risen, allowing foreigners to undercut us, forcing all local grain suppliers to shut down. If we had allowed this to continue, our economy may never have recovered. By increasing import taxes, our local businesses will be able to flourish once again, which will in time stabilise our economy and lead to the lowest food prices yet.
Though prices may be high now, they will come down.
Economies don't fix themselves over night. The government is doing all it can, by allowing local companies to grow, which lead to a strong economy that will benefit us all in the long term. The governments plan is a major stepping stone to creating a great nation that we can all be proud of. It is wrong to condemn them because we are a few quid out of pocket this week, especially considering this is the aftermath of a very damaging political takeover lead by the Spanish.
We must fix the economy by allowing local companies to thrive.
We must refill our treasury to allow our country to grow.
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Comments
Voted, good article as usual.
Makes sense guys, there ain't no crazy thing about the government starving people on purpose.
That sh*t's whack,.
It is completely true that the grain tax is a long term investment, but each day until dividends start the poor people starve! Let us eat before you try to plan long term!
It's really hard to buy food right now. I hope the government will do something about it ASAP.
So you suggest we allow all our local businesses to go under, feed you now, but next week when they hike their prices for more profit we let you starve then?
In the end we are trying to fix a damaged economy.
As soon as you get to skill 2, you could easily be earning 3.50PHP in a Q1 company. That buys you food every day you work, with money left for savings. If your company has not given you a pay rise with your skill level increase, then that is the GMs fault, not the fault of the government.
Meanwhile the government has set up State Owned companies, that do not make a profit (this driving food prices down) whilst providing fair wages to the right skill level.
We are doing all we can, but making ourselves dependent on an external company that is only after a profit, is not beneficial to your wellness levels or our economy.
The food prices are exactly the same as they were before this change, that is not our doing.
In the last month or so it's gone from Q1 food costing 7PHP to below 2PHP.
I agree with the plan..this will be felt long term..the import taxes wil keep the foreign companies at bay while the local companies regain their losses. God job on the proposal and the decision!
i gotta a agree that sales for grains is really hard at present, I had no sales for the past 2 weeks even though i tried lowering my grain prices already...
maybe i should invest on food company. then again, if there are no sales on both companies, it would be hard to cover the expenses... T_T
Instead of looking at the import tax on grain, I think it will be better in the current situation to lower the Income Tax on grain workers and lower VAT for food companies. The Food will be cheaper, the workers gets more salary and people can eat more!
http://www.erepublik.com/en/article/editorial-grain-import-tariffs-too-high--796346/1/20" target="_blank">http://www.erepublik.com/en/article/edit[..]/1/20
Salary for anyone who works 2 days will increase anyway. As well as that they have 5PHP free from the government. That is enough money to buy food for a week. If they work every day for 6 days the average wage is around 3.50PHP.
VAT is already 5% which is very low, especially considering our treasury has very recently been emptied. Income tax is also only at 10%, which isn't high. Lowering them more will simply mean the government will not be able to afford the hospitals, DS's and MPP's for our nation.
I haven't earned a salary in my company.... DoHA Weapons
Erm, have you worked today?
yeah, its like a crazy statement... No job here gives no salary... haha...