From government’s point of view, the ideal excise tax on sin products is an ad valorem or a percentage tax of the manufacturing price of a pack of cigarettes or a bottle of beer or whiskey. Failing that, it can accept a specific tax on these products indexed to the inflation rate. Of course, it [...]
Archive for the ‘tax reform’ Category
Solid again?
Posted: March 20, 2012 in BIR, Bureau of Internal Revenue, Chavit Singson, cigarette taxes, Ilocano, Ilocanos, Ilocos region, Lucio Tan, Northern Luzon, Northern Luzon Alliance, Philip Morris Fortune Tobacco Corp., sin taxes, tax reformLast week, I wrote about a possible chink in the armor of the Northern Luzon Alliance NLA), a group of congressmen from the tobacco-growing parts of Northern Luzon, including the Ilocos. This was when Ilocos Sur Governor Luis ‘Chavit’ Singson joined a press conference sponsored by the Department of Health regarding the hazards of smoking. [...]
Tax reform under GMA, Part III
Posted: January 4, 2011 in GMA, Legislators, Legislatures, Philippine politics, Political economy, Political institutions, tax reform, TaxationEarly in PGMA’s full term, a new sin tax law (that again failed to index tax rates to price changes) was passed together with a reformed VAT law (which increased the VAT rate from 10% to 12% and expanded VAT coverage) and a lateral attrition law (which provided a stick-and-carrot system to spur revenue collection) [...]
