de Dios, Emmanuel S. Diokno, Benjamin E. Esguerra, Emmanuel F. Fabella, Raul V. Gochoco-Bautista, Maria Socorro Medalla, Felipe M. Monsod, Solita C. Pernia, Ernesto M. Reside, Renato E. Sicat, Gerardo P. Tan, Edita A.
Year of Publication:
UPSE Discussion Paper 2005,05
Debates on the revision of the value-added tax (VAT) are about to reach the penultimate stage. Once house and senate have passed their respective versions of the bill, congress - through a bicameral conference committee sometimes referred to as the 'third chamber' - must then agree on the final form of the law. After all the media-posturing, the politicking, and horse-trading have subsided, politicians of both chambers are still left to confront the nation's true interests - and their own consciences. It is vital that they finally pass a law that is right in form and adequate to the economy's needs.