‘High taxes, customs fees bar investments in agri’ • Rizal Raoul Reyes
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READ MOREDecember 6, 2023
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READ MOREHere’s the case for imposing a tax on sugar-sweetened beverages: 1) Obesity is a major public health problem, through its effects on diabetes, cardiovascular diseases, asthma, certain cancers, and mental health; 2) Consumption of sugar-sweetened beverages is an outsized contributor to obesity; 3) Taxing sugar-sweetened beverages will raise the cost that consumers pay, and thus
READ MOREI HAVE been in the tax practice for more than a decade now, and everyone will agree that the Philippine tax system is overly complicated. In the last few years, the system has undergone some major changes, starting with the Tax Reform for Acceleration and Inclusion (Train) Act and followed by the Corporate Recovery and
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READ MOREMalaysia will progressively cut subsidies and launch new taxes including for luxury goods next year as part of economic reforms and to tighten its finances, Prime Minister Anwar Ibrahim said Thursday. Anwar, who took power last November, announced the measures while tabling 2024 federal budget in Parliament. He said the 393.8 billion ringgit ($83.3 billion)
READ MOREDid you know that Congress and President Biden raised your taxes? The hike masquerades as a tax hike on business, but according to the latest research, it actually hits your paycheck. State-of-the-art economic research overwhelmingly confirms that high business income taxes harm investment, research and development, worker productivity, wages, and growth, and three new studies
READ MOREReceive free International Monetary Fund updates We’ll send you a myFT Daily Digest email rounding up the latest International Monetary Fund news every morning. The fiscal cost in effect of tackling climate change could put public debt in large carbon-emitting countries on an “unsustainable” path without a tax on pollution, the IMF has warned. In
READ MORETrudeau is Klas Schwab’s pet. He does as he is told. No world leader has sought to destroy the attorney-client privilege, but Trudeau is hunting money for taxes and removing the confidentiality between Canadians and their lawyers. What is next? Priests must report every sin to Trudeau they hear in confession. Trudeau is now passing
READ MORECalifornia will double the taxes on guns and ammunition and use the money to pay for more security at public schools and various violence prevention programs under a new law Gov. Gavin Newsom signed Tuesday. The federal government already taxes the sale of guns and ammunition at either 10% or 11%, depending on the type
READ MOREFINANCE Secretary Benjamin Diokno on Tuesday criticized proposals to suspend value-added and excise taxes on fuel as a means to address surging pump prices, saying these would lead to substantial revenue losses for the government. “We recognize public sentiment to address the elevated fuel prices,” Diokno said in a statement. FINANCE Secretary Benjamin Diokno. Photo
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