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The House Committee on Ways and Means sent its TRAIN 2 bill to the plenary on August 9, 2018. Chairman Dakila Cua named House Bill No. 8083 the TRABAHO Bill, for Tax Reform for Attracting Better and Higher Quality Opportunities.

TRAIN, or Tax Reform for Acceleration and Inclusion, is the Duterte administration’s bid for comprehensive tax reform. TRAIN 1, which lowered most personal income taxes while raising some excise taxes, was signed into law on December 2017. TRAIN 2 aims to “rationalize” corporate incentives while lowering corporate income tax rates.

13 August 2018 – At the Fourth Annual Meeting of the Asia Pacific Services Coalition (APSC) in Port Moresby, the Philippine Services Coalition (PSC) pushed for the competitiveness of the services sector through government and private sector collaboration. Representing PSC, ABAC Philippines’ Bill Luz stressed the need for more public-private dialogues that are targeted and that provides concrete recommendations to address specific concerns of the sector.