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Posted on Jun 26, 2024

Premise: The Tax Reform for Acceleration and Inclusion (TRAIN) is the first package of the comprehensive tax reform program (CTRP) envisioned by President Duterte's administration

Premise:

The Tax Reform for Acceleration and Inclusion (TRAIN) is the first package of the comprehensive tax reform program (CTRP) envisioned by President Duterte's administration which seeks to correct a number of deficiencies in the tax system to make it simpler, fairer, and more efficient.

Question: Explain why elasticity of demand is an important consideration in assessing the burden of taxation?

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