![](https://pidswebs.pids.gov.ph/CDN/featured-image/1647913996_62392c0c5c2d1.jpg)
The Philippine Institute for Development Studies, in partnership with the World Bank (WB) – Philippines will hold a technical discussion on WB’s study of the Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program, on Wednesday, February 26, 1:30 pm – 3:00 pm, at the PIDS Conference Hall.
In 2018, the Government of Philippines approved the TRAIN aiming to establish a fairer, simpler, and more efficient tax system while also raising revenue for public investment. The study conducts an ex-ante evaluation of the direct and indirect effects of TRAIN on economic growth and shared prosperity, both its revenue and expenditure measures. Main findings include: (i) personal income inequality is higher than currently measured; (ii) changes in the personal income tax regime benefit almost all income taxpayers; (iii) direct distributional impact of excise taxes is minimal; (iv) long-term economic growth would be higher if additional revenue derived from TRAIN were spent on efficiency-enhancing infrastructure projects; and (v) TRAIN reduces poverty in the short term due to the implementation of a well-targeted UCT program, while higher economic growth reduces poverty in the long term.
This event is by invitation only.
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-1-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3ab7a1.jpg)
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![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-4-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3bb3e3.jpg)
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-5-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3bf8bd.jpg)
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-6-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3c3b00.jpg)
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-7-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3c8aa0.jpg)
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-9-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3cd44e.jpg)
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-10-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3d1667.jpg)
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-11-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3d57cd.jpg)
![Technical Discussion on Distributional Impacts of the Tax Reform for Acceleration and Inclusion (TRAIN) program (a World Bank study)-pids-worldbank-rtd-train-12-20200226.jpg](https://pidswebs.pids.gov.ph/CDN/gallery-new/1049/1647913971_62392bf3d946a.jpg)