Fiscal Policy RSS feed for this section

Anti-Reform solons vying to delay sin tax hearings, axe Abaya Bill

AMID FIERCE disputes over the Abaya sin tax bill, anti-reformists have espoused agenda changes that will delay, and even kill, the passage of the administration’s excise tax restructuring policy.

In the latest episode of the sin tax hearings on February 28, pro-tobacco lawmakers have defied the administration’s timetable on reforms by seeking to confine discussions of the House Ways and Means group to a past report of the National Internal Revenue subcommittee.

Philip Morris says single-tier tax system more efficient: AER

THE MAIN company opposing the much-needed excise tax reform in the country was once its staunch advocate.

Philip Morris Philippines Manufacturing, which previously competed against Fortune Tobacco Corp. in the country, lobbied for a single-tier tax system back in 2003 when it still has not controlled more than 90% of the Philippine market, the Action for Economic Reforms (AER) said.

Sin Taxes will help farmers, says government, advocates

The administration’s sin tax reforms will not only score points for public health and revenues, but may even help ease tobacco farmers out of poverty, reformist groups argued this week in Congress.

During heated committee hearings on February 21 and 22, supporters of the planned levy disputed rehashed and recycled claims among pro-tobacco forces that farmers— more so than the tobacco monopoly— would be the chief victims of the said reforms.

Willie Nelson, Tobacco Farmers, and the Sin Tax

I am not exactly a fan of Willie Nelson and his Western country music. But I cannot forget his collaboration with Wynton Marsalis, my idol for being one of the greatest trumpeters and for championing both jazz and classical music. Nelson and Marsalis teamed up to play good music and produced an album titled “Two Men with the Blues.”

I like the blues, too. And I will highly recommend the Nelson and Marsalis album. Their interpretation, for example, of “Georgia on my Mind” is tender and sweet yet retains a tinge of melancholy.

Health Advocates: New Sin Taxes needed to prevent a Health Crisis

If new sin taxes are not passed within 2012, the Philippines will soon suffer a severe health crisis, advocates from the medical profession and civil society warned yesterday.

Non-communicable diseases (NCD’s) such as cancer and heart disease have already reached dire levels in the Philippines, claimed Dr. Antonio Dans and Dr. Antony Leachon from the medical sector.