Assessing The Impacts of TRAIN Law on Consumption, Savings, and Unemployment in the Philippines

The Tax Reform for Acceleration and Inclusion (TRAIN) policy intends to make the tax system simpler, fairer, more efficient while also encouraging investments, job creation, poverty reduction. This reform package 1 lowers personal income taxes, removes VAT exemptions, changes excise on petroleum goods automobiles, making equitable simultaneously rectifying injustice. study determines relationship between TRAIN Law increase in country's consumption, savings, unemployment rate. Using multiple regression analysis, this proves that additional positively affect consumption. savings has a significant positive with income; however, it negative Law. shows rate country decreases when rises, law, other hand, relates results of research suggest said had considerable beneficial impact an adverse influence growth country, hence order improve delivery essential services better future social economic results, government should consider modifying introducing or would stimulate private employment.