1 / 4

Sin Tax Wars: The Fight Continues

Sin Tax Wars: The Fight Continues. Civil society on senate sin tax result November 21, 2012. Period of Amendments: Attempts to Water Down the Bill. Sen. Bongbong Marcos

gwyn
Download Presentation

Sin Tax Wars: The Fight Continues

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sin Tax Wars: The Fight Continues Civil society on senate sin tax result November 21, 2012

  2. Period of Amendments:Attempts to Water Down the Bill • Sen. Bongbong Marcos • Lowered down the tax rates for cigarettes for the first year onwards, YET, claimed that his lower rates will still generate P40B by manipulating assumptions (Note: Close interaction with PMFTC Lawyers) • Ranted about “distorted sharing” between cigarettes and alcohol (60-40 sharing) • Sen. Ralph Recto • Reduced the yearly tax increases from 5% to 4% • Complicated the earmarking for Universal Health Care • Sen. Joker Arroyo • Opposed the earmarking provision for health

  3. Who is Senator Marcos consulting? Screenshot of Senate footage of Nov. 14 interpellation c/o bawasbisyobill.com

  4. What we have secured so far… Removal of the price class freeze. A unitary tax rate of P26 for cigarettes by 2017. Annual tax increases of no less than 4%. Higher tax rates for alcohol. Earmarking of funds for health care and alternative livelihood for tobacco farmers and workers.

More Related