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‘Sin’ tax take exceeds target

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Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

Total “sin” tax collections from the sale of alcohol and tobacco products were well above target in the first half of the year, providing extra cash to fund the government’s expensive infrastructure and social welfare projects.

Posted: August 22nd, 2014 in Headlines,Latest Business Stories | Read More »

Valenzuela lawmaker: Illicit trade raps not Congress’ concern

Valenzuela 2nd District Rep. Magtanggol Gunigundo: Mere hype and propaganda. Photo from  congress.gov.ph/

A lawmaker said allegations of illicit trade in the tobacco industry are mere hype and propaganda raised by some disgruntled industry players and should not be a concern of Congress or other government agency.

Posted: August 11th, 2014 in Latest Business Stories | Read More »

Biz Buzz: No post-fiasco firings at PLDT

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Having a bad week? Just think about the public relations team of Philippine Long Distance Telephone Co. after the “Last HOME Stand” charity event on Tuesday, when a series of activities between Gilas Pilipinas and a collection of NBA Stars was cancelled, angering fans who shelled out between P750 and P23,300 per ticket.

Posted: July 25th, 2014 in Columnists,Inquirer Columns | Read More »

Protecting sin tax gains

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Elated by the success of their hard-won campaign to overhaul the country’s excise tax system, civil society groups are now shifting gear from raising taxes on so-called “sin products” to ensuring proper collection and preventing tax evasion, particularly on cigarettes.

Posted: July 2nd, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

E-cigarettes face stiff taxes

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Quitting smoking may soon become more expensive with authorities considering the imposition of higher taxes on the controversial electronic cigarettes or e-cigarettes.

Posted: June 25th, 2014 in Headlines | Read More »

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