CPP denounces Aquino regime's subservience to IMF new tax-dictates

Information Bureau
Communist Party of the Philippines
April 18, 2012

The Communist Party of the Philippines (CPP) today denounced the Aquino regime for its subservience to the International Monetary Fund (IMF) which has been pushing for additional tax burdens on the Filipino people, specifically on text messaging.

"The proposals of the IMF to impose additional excise taxes on oil, tobacco, alcohol and text messaging underscore the anti-people economic policies being pushed by the imperialist-controlled financial institution," said the CPP. In its recent Country Report 12/60 issued on March 2012, the IMF said that "the scope of excises can be extended to the telecommunication services as an additional revenue source."

"In line with earlier instructions from the IMF, the imperialist stooge Aquino is already taking steps to impose excise taxes on alcohol and cigarette products," said the CPP, citing House Bill 5727 which is being backed by Aquino and his Department of Finance. If approved, it is estimated that excise taxes on low-priced tobacco and alcohol products will increase by 1,000 percent.

"In a stark turnaround from its campaign promises of not imposing additional taxes, the Aquino regime has been busy imposing more and more burdens on the Filipino people since assuming power almost two years ago," pointed out the CPP. "It has imposed taxes on toll fees. It has turned a deaf ear on the demand for a reduction of the tax burdens on oil products. Now, it is seeking to impose new taxes on basic and popular commodities."

"It is quite clear that kowtowing to the IMF is more important to Aquino than keeping his promises to the people," said the CPP.

"The imposition of additional taxes on the people amidst widespread unemployment, low wages and spiralling prices will have grave effects on the people," pointed out the CPP. "The Filipino people are vehemently against the Aquino regime's imposition of additional tax burdens as pushed for by the IMF."

"They are further infuriated by the fact that while seeking to impose more and more taxes on the people, the Aquino regime continues to offer foreign big capitalist companies with one tax incentive after another in order to attract their investments."

"The Filipino people should stand up and vigorously oppose the planned new tax burdens being hatched up by the Aquino regime. They must expose and resist Aquino's subservience to the IMF and to to super-profit-driven big foreign capitalists. They should make the Aquino regime responsible for the anti-people neo-liberal economic policies that continue to pull the people down the rut of poverty, hunger and exploitation."