sin tax bill, lets start with that sin tax bill, economics professor Solita Monsod commented to Santiagos version of the bill, from where tobacco and alcohol products projected tax revenues will be around P60 billion (cited from Chua. The only truly dangerous temptation left is in believing that any single idea is the ultimate solution to our problems). This drastic change of attitude may seem surprising at first but that surprise quickly fades once you realize what American societys moral indignation has been up against. But in consideration of the Rectos Bill, with 65 tax increase, there will.8B php revenue. I know this is a kind of hard thing to make but I believe the possibility is there, only that the government is afraid to lose these big industries which have been big tax payers; meaning the totality of their vision and what not. It hews much more to the actual realities and the actual principles that we want.
Taxes, most generally, are levied. Sin tax bill is the tax levied on any products that are notorious to be harmful like cigarettes, alcohol and even activities like gambling. In connection to this, it is said to be effective in reducing behaviour. (Lorenzi, Sin Taxes 60) Sin taxes, therefore, are intended to encourage citizens to consume or use taxed items responsibly or discourage behavior associated with the consumption of taxed items. Sin tax is used for taxes on activities that are considered socially undesirable.
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Proof of this decline lies in the track record of our own Idaho Lottery. Or are there even big reasons behind this? Franklin Drilon take over his place after resignation. The country has been facing a lot of smuggling cases in other products like rice, oil products, and other consumer goods continuously. Tobacco and alcohol have long been the drugs of choice for Americans and tobacco was in use in America long before any Europeans even came here. Available from: p?vref1 Accessed Reference Copied to Clipboard. The squeeze. On the contrary, eeconomist and former Economic Planning Secretary Solita Collas-Monsod at a forum on Tuesday, September 18, 2012 said that the tobacco industry players are disseminating about the possible aftermaths of the proposed sin tax measure on the Philippine economy, from which she considered. Pia Cayetano, the Philippines has the second cheapest retail price in Asia (in terms of cigarettes). Would you like to get such a paper? Many other countries levied heavy amount of tax on cigarettes as part of their public health policy.
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