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Tobacco farmers urge Aquino to review ‘repressive’ sin tax bill By Fernan J. Angeles 05/21/2012

Monday, May 21, 2012

Tobacco farmers urge Aquino to review ‘repressive’ sin tax bill

By Fernan J. Angeles 05/21/2012

Tobacco farmers from the northern part of Luzon voiced out fears that Malacañang may be getting distorted data that lead the government to believe tobacco planters would benefit from a new sin tax system.

Expressing apprehension over the possible enactment of House Bill 5727 providing a new tax computation system for alcohol and cigarette products, the Federation of Free Farmers (FFF) also asked the Aquino administration to go slow in the implementation of radical measures which may eventually boomerang on the Philippine economy, such as HB 5727 should it be enacted.


In their press statement, the militant peasant organization said the new sin tax would eventually compel them to sell their produce at a loss, as they would have nobody to sell their tobacco leaves once the market is flooded with tobacco end-products by smugglers who sneak “hot” goods into countries who collect high taxes..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20120521nat1.html

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