Government confident E-VAT wisdom be recognized by Supreme Court
MANILA (4 July 2005) -- The Palace has expressed confidence that the wisdom behind the implementation of the expanded Value Added Tax (E-VAT) would be recognized by the Supreme Court.
The statement was made by Press Secretary and Presidential Spokesman Ignacio Bunye after a Temporary Restraining Order was issued last Friday by the High Court to suspend the implementation of the new tax measure.
He pointed out that the E-VAT law is all about economic stability, and stressed out the legality of the tax measure and the unprecedented benefits it could bring to the Filipino people.
The Palace official said the country cannot afford to have further delays in the law's implementation for what is at stake is the welfare of the Filipinos, particularly the poor.
"We will plead before the High Court to reverse its decision soonest," Bunye added. (PIA-MMIO)
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