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Malacanang not endorsing sin tax amendments solon 02/29/2012

Wednesday, February 29, 2012

Malacanang not endorsing sin tax amendments solon

02/29/2012
Despite the fact it is being proposed by the Department of Finance (DoF), a senior official of the House ways and means committee yesterday revealed that Malacanang remains non-committal to the proposed unitary or single tax system for tobacco and alcohol products.

Rep. Eric Singson Jr., ways and means committee vice chairman, made the disclosure even as University of the Philippines Prof. Leonor Briones, a prominent economist and social scientist, reminded government that in pushing the approval of the bill, it should not ignore the more urgent need to address the plight of people who will suffer severe economic dislocation in case the bill is approved.

We need revenue generating measures but we also need to make sure that they will eat, Briones told congressmen during the hearing of the ways and means committee yesterday..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/metro/20120229met1.html

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