Dominguez: No new ‘sin’ taxes eyed despite recession
Despite rising budgetary needs for COVID-19 response and universal health care and a weak tax collection because of recession, the government is not resorting to higher excise on so-called sin…
‘Sin’ tax collections slumped in May
Collections from “sin” taxes continued to slide in May amid the liquor ban and restricted deliveries of cigarettes during the extended COVID-19 quarantine. Finance Secretary Carlos G. Dominguez III on…
Bitter mix: Liquor bans, ECQ bring sin taxes down by nearly 100 percent
Amid a liquor ban in many areas and restricted deliveries of cigarettes during the enhanced community quarantine (ECQ), the government collected only about P200 million in sin taxes from tobacco…