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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

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Sin Tax Wars: The Fight Continues

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  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.

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