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New taxes jack up costs, change smoking patterns

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DAVAO CITY—Forgot to buy your cigarette or did you suddenly run out of a stick to light?   Think twice before mooching a stick from a friend because the answer will most likely be: “I ran out of a cigarette myself.”   The days of smoker generosity are disappearing and the new Sin Tax Law [...]

Posted: February 14th, 2013 in Editors' Picks,Headlines,Regions | Read More »

Declaring dollar deposits would lead to double taxation, says former BIR exec

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New SALN form. Photos by Karen Boncocan

Declaring foreign currency deposits as required in the new Statement of Assets, Liabilities and Net Worth (SALN) form may not be a good idea for government officials and employees, a veteran tax collector claimed Saturday.

Posted: January 26th, 2013 in Latest News Stories,Nation,Photos & Videos | Read More »

Vizcaya doubles taxes on mining operations

In a move seen to discourage the entry of more foreign mining companies, the provincial government has enacted an ordinance that will increase taxes on mineral lands starting next year.

Posted: December 28th, 2012 in Headlines,Regions | Read More »

Bicam OKs hiking tax rates for sin products every two years

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House minority leader Danilo Suarez. INQUIRER.net FILE PHOTO

The members of the bicameral committee on the sin tax bill have come to an agreement on some of its non-contentious issues but the deliberations on the disagreeing provisions would have to wait until their second meeting.

Posted: December 5th, 2012 in Latest News Stories,Nation | Read More »

Pasay City tightens rule on pet registration

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pasay city map

For pet owners in Pasay City, it’s a dog’s life.

Posted: November 11th, 2012 in Latest News Stories,Metro | Read More »

Drilon set to work on raising sin taxes to P24B

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Sen. Franklin Drilon, acting chairman of the Senate ways and means committee, has warned that the differing targets set by the two chambers could pose some “difficulty” during the bicameral conference committee next week.

Senators with varying positions on how much sin taxes should be raised appear headed for a showdown as the Senate begins debates on the controversial measure Tuesday afternoon.

Posted: November 5th, 2012 in Latest News Stories,Nation | Read More »

Recto fires back: Did lawmakers make a deal with alcohol companies?

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RECTO: In economics, it’s called equilibrium JOSEPH VIDAL/CONTRIBUTOR

Senator Ralph Recto on Wednesday turned the tables on the House of Representatives when he insinuated that it conspired with alcohol companies, which resulted in a lower tax imposition on alcohol products.

Posted: October 17th, 2012 in Latest News Stories,Nation | Read More »

Recto continues to support Aquino

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Sen. Ralph Recto  INQUIRER FILE PHOTO

Senator Ralph Recto appears to be the second head of a congressional ways and means committee to lose his post in the administration’s drive to increase revenues through sin tax measures pending in Congress.

Posted: October 16th, 2012 in Latest News Stories,Nation | Read More »

Support sin tax to beat suspicions of being on the take, says Palace exec

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PLLO chief Manuel Mamba  PHOTO FROM CONGRESS.GOV.PH

By not supporting the popular sin tax reform measure, lawmakers will arouse suspicion they’re on the take from tobacco and liquor companies, an aide to President Benigno Aquino III said Saturday.

Posted: October 13th, 2012 in Latest News Stories,Nation | Read More »

Aquino does not want youth to smoke, says aide

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President Benigno S. Aquino III. MALACAÑANG PHOTO BUREAU FILE PHOTO

President Benigno Aquino smokes but doesn’t want youngsters to join the smoking club.

Posted: October 12th, 2012 in Latest News Stories,Nation | Read More »

Flavier slams Senate’s modified sin tax bill

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Former Senator Juan Flavier on Friday scored the committee report of Senator Ralph Recto on the sin tax bill for putting the interests of the powerful tobacco lobby ahead of the health of millions of Filipinos.

Posted: October 12th, 2012 in Latest News Stories,Nation | Read More »

Recto leaves sin tax bill to judgment of Senate peers, insists measure a compromise

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Senator Ralph Recto. INQUIRER FILE PHOTO

Sen. Ralph Recto said it is now up to his colleagues in the Senate to tweak his committee report on the Senate version of the sin tax reform bill after administration officials criticized the measure for falling short of what the government needs in terms of revenues and public health.

Posted: October 12th, 2012 in Latest News Stories,Nation | Read More »

Realty tax ordinance becomes Tagum City poll issue

Tagum City’s new ordinance raising real property tax in some areas by over 800 percent could become a major election campaign issue in next year’s mayoral race there as one of the candidates is among the landowners who questioned the law at the Supreme Court.

Posted: October 8th, 2012 in Headlines,Regions | Read More »

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