Palace seeks House approval for sin tax reform bill

Posted date: February 03, 2012 In: Local News | comment : 0

MALACAÑANG is eyeing to receive yearly revenues of P60 billion once Congress approves its proposed version of the sin tax reform bill.

Cavite Representative Joseph Emilio Abaya, chairman of the House committee on appropriations, filed House Bill 5727 seeking to change the current multi-rate specific structure of excise taxes on tobacco and alcohol products by adopting a single rate.

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