Gov’t finance official believes TRAIN was ‘quite successful’, revenues will be ‘well-spent

The implementation of the country’s first tax reform law has been so far “quite successful,” and the government is committed to ensure the revenues would be “well-spent,” a government finance official said Thursday.

Undersecretary Karl Kendrick Chua of the Department of Finance said the Tax Reform for Acceleration and Inclusion (TRAIN) has helped raised the take-home pay of workers, generated more government revenues, among others.

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