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The tax system can be characterized as heavily dependent on indirect taxes and, therefore, regressive and weak. Recognizing the inherent weaknesses of the tax system of Ferdinand Marcos, Corazon Aquino, a few months after she took power in 1986, reformed the tax system.
No. Title Date signed 1 Creating the Presidential Commission on Good Government: February 28, 1986 2 Regarding the funds, moneys, assets, and properties illegally acquired or misappropriated by former president Ferdinand Marcos, Mrs. Imelda Romualdez Marcos, their close relatives, subordinates business associates, dummies, agents, or nominees
Corazon Aquino began her presidency on February 25, 1986, following the People Power Revolution as the 11th president of the Philippines, succeeding Ferdinand Marcos.Aquino's relatively peaceful ascension to the Philippine presidency signaled the end of authoritarian rule of Ferdinand Marcos in the Philippines, and drew her and the Filipino people international acclaim and admiration.
On June 29, 2018, the Republic Act No. 11045, which renamed the Kay Tikling-Antipolo-Teresa-Morong National Road to Corazon C. Aquino Avenue, was signed into law by President Rodrigo Duterte. Corazon C. Aquino Avenue is a road traversing from Taytay to Morong in Rizal (including the segment of Ortigas Avenue Extension from Taytay to Antipolo ...
This evolved in the largely peaceful 1986 EDSA Revolution, which ended with Marcos going into exile in Hawaii and Corazon Aquino becoming the 11th president of the Philippines on February 25, 1986. Under Aquino, the Philippines would adopt a new constitution, ending the Fourth Republic and ushering in the beginning of the Fifth Republic.
Data from the Philippine Statistics Authority for 1985 showed that poverty incidence in families was at 44.2%—4.3 percentage points higher than in 1991 during the presidency of Corazon Aquino. [51] Marcos' health markedly declined costing him the support of his cabinet, the Military, and some of his closest allies.
Aquino named the initial 45 members the following month, coming from different political and religious backgrounds, are appointed rather than elected. No communists were named to the body, but Aquino allotted at least five slots to affiliates of Marcos' administration. [6] The first session of the ConCom was held on June 2, 1986. [5]
The Department of Budget and Management (DBM; Filipino: Kagawaran ng Badyet at Pamamahala) [1] is an executive body under the Office of the President of the Philippines.It is responsible for the sound and efficient use of government resources for national development and also as an instrument for the meeting of national socio-economic and political development goals.