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Aquino junks protectionist provision in sin tax bill

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President Benigno Aquino III has vetoed the provision in the sin tax reform law mandating manufacturers and sellers of tobacco products to buy at least 15 percent of their raw materials from local sources.

Posted: December 22nd, 2012 in Editors' Picks,Headlines,Nation | Read More »

Sin tax bill certified as urgent by Aquino

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Clearing the way for the speedy “one-day approval” of the contentious measure, President Benigno Aquino III has certified as urgent the sin tax bill now being debated in the Senate.

Posted: November 17th, 2012 in Editors' Picks,Headlines,Nation | Read More »

‘That’s not their money’–Enrile

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Leave the Senate alone to do its job, thank you very much. Senate President Juan Ponce Enrile assailed Internal Revenue Commissioner Kim Henares’ supposed feelings of betrayal over Sen. Ralph Recto’s reporting out a Senate version of the sin tax measure that would reduce the projected income from the tax from P60 billion to P15 billion.

Posted: October 13th, 2012 in Banner Story,Editors' Picks,Headlines,Nation | Read More »

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