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Exercise tax

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There is a call in Congress for a review of the “sin tax” law, or RA 10351, imposed on cigarettes and liquor, signed into law by our dear leader Benigno Simeon (aka BS) in December 2012, in effect for just about a year now.

Posted: February 6th, 2014 in Columnists,Inquirer Columns | Read More »

Harley Davidson ready to rumble

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Iconic heavyweight motorcycles from Harley Davidson may soon be rumbling out of the first showroom in the Philippines on Edsa. Construction of the showroom near the Mercedes Benz and Chrysler dealerships in Greenhills is under way and the Harley Davidson home in the Philippines is tentatively scheduled to open to the public on March 2.

Posted: February 19th, 2013 in Headlines | Read More »

Inflation rate inched up slightly to 3% in January

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The Philippines started the new year with a slightly higher inflation due to an increase in food and power prices and the implementation of the “sin tax” law.

Posted: February 5th, 2013 in Headlines | Read More »

With sin tax, ‘lambanog’ maker sees vigorous sales

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With the increase in prices of liquor in the market following the passage of Republic Act No. 10351 or the Sin Tax Law, a “lambanog” producer expects a rise in sales of coconut-based liquor.

Posted: February 2nd, 2013 in Editor's Pick,Headlines,Inquirer Features | Read More »

Liquor makers cry double taxation, sue to stop new rule

HIGHER SIN TAXES  A grocer sells beer, rum and cigarettes to a customer (not shown) in Manila. Malacañang has reiterated its call for the passage of the so-called sin tax bill, saying that based on the proposed law, the government can earn P60 billion a year.  AFP PHOTO Joel NITO

A group of manufacturers of alcoholic beverages has asked the courts to stop the Department of Finance and Bureau of Internal Revenue from implementing a new regulation that purportedly taxes both raw materials and the finished product, resulting in double taxation.

Posted: January 14th, 2013 in Latest Business Stories | Read More »

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