Just yesterday, millions of registered Filipino voters headed to their respective precincts to exercise their rights to suffrage. Leading up to Election Day, Filipinos were bombarded with countless campaign advertisements -- from catchy jingles and sponsored social media posts to political rallies and public debates -- all in the hope that candidates could influence and win the people’s vote. Now, candidates and voters alike are in limbo, hoping and praying that the election odds are in their favor.
About a month ago, House Bill No. 8083 or Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) was passed on to the Senate. Discussions of its provisions are undeniably necessary so that the Philippines does not end up with hasty-implemented rules that may produce unintended consequences.