Palace asks Senate to pass sin tax bill
THE Aquino administration welcomed Thursday the passage of a bill restructuring the excise taxes on alcohol and tobacco products in the House of Representatives.
In a press statement, Budget Secretary Florencio Abad commended the โgroundbreakingโ move of congressmen, hoping the Senate would also do the same.
โWe enjoin our senators to fully support the Aquino administrationโs bid to overhaul the excise tax system, not only to advance sustainable fiscal growth in the country, but also to protect the best interests of the Filipino people,โ Abad said.
The bill was approved before the House ended its second regular session on Wednesday.
For his part, Senator Gregorio Honasan said there are different versions in the chamber that have to be weighed based on public interest.
“We don’t want this be just expeditiously considered for any other reason than public interest. I have to study it closely because my knowledge about tax laws and taxation is limited,” he told reporters.
The measure aims to boost tax efficiencies and increase government revenues by around P33 billion annually.
Additional revenues will be directed to critical health services, including health coverage for indigents and informal sectors under the National Health Insurance Program, as well as the development and rehabilitation of various health facilities in several regions and provinces.
“Once approved, 15 percent of sin tax revenues will also be used to support tobacco farmers, who may be adversely affected by the measure. Tobacco- and non-tobacco growing provinces will likewise have a share in the revenues generated by an updated excise tax regime,” said Abad.
At least P60.7 billion in the next few years will be generated once the law takes effect, which will be channeled to 81 beneficiary provinces. Only 16 tobacco-growing provinces are being supported by the current excise tax scheme.
The yearly excise tax collections under HB 5727 are also set to increase, which would ensure better assistance for affected tobacco farmers and support for the government’s health programs.
Abad said the updated sin tax scheme will help discourage Filipinos — particularly the youth — from engaging in harmful health practices like drinking and smoking.
Finance Secretary Cesar Purisima also welcomed the passage of the bill, saying it “signifies the political will” of the Aquino administration to implement reforms and improve the economy.
http://www.sunstar.com.ph/manila/local-news/2012/06/07/palace-asks-senate-pass-sin-tax-bill-225719
Manila families with small children looking for an accessible place for kids to have fun frequently visit private resort in Clark Pampanga to unwind relax in family bonding, top venue for reunion.
Some hotels and resorts offer free WIFI Internet connection to guests. This includes beach resort of Clearwater which also offers free Internet connection in the room as well as in the outdoor areas even near the beach and by the lake.
Fine dining restaurants like Yats Restaurants and Wine Bar also offers good internet connection to their guests. Highly recommended bar, pub and nightlife spot The London Pub located inside Mimosa also offers good internet connection to guests.
The London Pub is a classic English Gastropub frequented by local expats and business community. It serves up good food, plenty of excellent vintage wine by the glass and a good selection of Cuban cigars. The ambience is old English, dark wood, comfortable and relaxed.
Where to go in Clark? Hotel Clark Philippines is a De Luxe Hotel in Clark and Subic, a risk free place to stay, cozy and nice ambience, a nice function place for special occasion
You might want to check also the Yats Restaurant is the best restaurant for special dinner, best restaurant for dinner with friends near Manila, also the best place to celebrate special events.
Famous Restaurant in Pampanga, a place to dine with friends in Clark, cozy restaurant with a nice ambience, a nice function place for special occasions. Yats Restaurant is one of the good restaurants in Pampanga, a restaurant with good food, a place that is nice for celebration, ideal for business dinner meeting, a good place to enjoy family reunion, and an attractive restaurant that serves good wines for dinner.
Are you looking for an attractive restaurant or a nice place to eat with friends in Clark, Angeles City Pampanga? Yats Restaurant and Wine Bar is a restaurant with good food and good wines for dinner located at Clark Angeles City Pampanga. Perfect for exclusive dinner venues for groups, recommended for private dinner in Philippines. A Restaurant in Clark for business dinner meeting. Private dinner place or dinner restaurant in Clark Subic Near Manila Angeles City Pampanga. Yats Restaurant is one of the Good Restaurant in Pampanga Angeles City Clark near Manila.
Frequent travelers and visitors staying in Angeles City Pampanga Clark Philippines look for restaurants, coffee shops, bars, pubs, hotels and resorts in Clark that serve high quality Nespresso coffee to guests. Here are some of the highly recommended places in Clark that offer good gourmet Nespresso coffee.
Looking for interesting hotels near Manila Subic Clark Angeles City Pampanga?
Trouble free hotels and well recognized hotels in Subic Clark Angeles City Pampanga
Clearwater Resort and Country Club offers a good place to stay in Subic Clark Angeles City Pampanga. In offers nice place to have rest in Subic Pampanga outside Manila.
One of the Philippines top hotels in north Luzon.
This web site contains articles and information that will be helpful to visitors, residents and tourists traveling out of town from Manila on a short getaway to Subic, Angeles City, Pampanga and Clark Philippines. There are several web sites that contain information that might also be pertinent to what is happening in North Luzon, Subic, Tarlac, Pampanga, Clark Freeport Philippines.
Looking for a party venue in town?
Clearwater Resort and Country Club is one of the ideal venues for birthday party because it is a risk free venue. Not only Birthday Parties but also a good place to enjoy family reunion. A good place to celebrate special occasions. Clearwater Resort and Country Club is one of the resorts in Subic Clark Angeles City Pampanga or near Manila with activity amenities, place that are nice for celebration.
Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:
Yats International Leisure Philippines
For assistance with lodgings, accommodations, hotels and resorts near Manila in Subic, Pampanga, Angels City and Clark Philippines log on to http://www.HotelClarkPhilippines.com
While in Clark, one might as well add to the itinerary a visit to the famous Clark Wine Center, the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.
http://www.ClarkWineCenter.com
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