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Increase sin taxes to offset losses from fuel-levy cuts

A deputy speaker on Thursday asked Congress to increase sin taxes to offset losses from reducing excise taxes on fuel. This was suggested by House Deputy Speaker Bienvenido M. Abante Jr., who proposed raising the excise taxes on tobacco and alcoholic beverages commonly referred to as “sin” taxes to offset the losses…

Karl kendrickt chuaBienvenidom abante jrNational economicDepartment of financeDevelopment authorityCrisis ad hoc committeeHouse deputy speaker bienvenidoFuel crisis ad hoc committeeHouse bill

House approves substitute bill amending Oil Deregulation Law

The House Committee on Energy approved a substitute bill “subject to form and style” to amend the 1998 Downstream Oil Industry Deregulation Act or the Oil Deregulation Law. 71888 House Bill (HB) 10505, authored by Pampanga 2nd district Rep. Juan Miguel ”Mikey” Arroyo to amend the Oil Deregulatio

Nueva ecijaDavao cityRodrigo duterteRosanna vergaraStella quimboDepartment of energyOil deregulation lawOil deregulationHouse committee on energyOil industry deregulationCrisis ad hoc committeeHouse committeeOil industry deregulation actJuan miguelOil deregulation actDeputy minority leader marikina

House panel pushes excise tax cut in crisis | Jovee Marie de la Cruz

WITH their power of taxation and despite reservations from the government’s economic team, the Fuel Crisis Ad Hoc Committee has strongly recommended to the leadership of the House of Representatives approval of House Bill 10488 reducing excise tax on fuel products. In a letter to Speaker Lord Allan Velasco, the…

United statesSan jose del monte citySan jose del monteStella luz quimboJuan miguel arroyoSharon garinEdgar mary sarmientoNonoy laczaAllan velascoJoey sarte salcedaBureau of treasuryDepartment of energyDepartment of transportationDepartment of agricultureEconomic affairsAd hoc committee

House on standby for special session to address oil crisis

House on standby for special session to address oil crisis
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Rodrigo duterteSharon garinJoey salcedaCommittee on economic affairsOil industry deregulationHouse committee on waysSession of congressCrisis ad hoc committeeSpeaker lord allan velascoPresident rodrigo dutertePresident duterteFuel crisis ad hoc committeeHouse billHouse committeeTax reformInclusion law

House leader insists that ditching fuel excise tax will give quick relief

House Deputy Speaker and 1-Pacman Party-list Rep. Mikee Romero is reiterating his call for his colleagues to do away with excise taxes on fuel products even as a House ad hoc panel discusses possible relief mechanisms for consumers amid soaring crude prices. (Unsplash) “Among these measures

Gerardo erguizaMikee romeroDepartment of energyCrisis ad hoc committeeHouse deputy speakerPacman party listFuel crisis ad hoc committeeUndersecretary gerardo erguizaTax reform acceleration