News

Philippine taxes on sugary drinks could avert thousands of deaths: WHO study

Reuters
Posted at Dec 06 07:38 AM

The Philippines could avert 24,000 premature deaths linked to diseases such as diabetes, stroke and heart failure in the next 2 decades after it adopted taxes on sugar-sweetened beverages, the World Health Organization (WHO) said on Wednesday.   Read more »

Macron makes U-turn on fuel-tax increases in face of 'yellow vest' protests

Simon Carraud and Michel Rose, Reuters
Posted at Dec 05 07:42 AM

France's prime minister on Tuesday suspended planned increases to fuel taxes for at least 6 months in response to weeks of sometimes violent protests, the first major U-turn by President Emmanuel Macron's administration in 18 months in office. Read more »

Macron weighs 'strong gesture' to end fiery tax protests

Clare Byrne and Adam Plowright, Agence France-Presse
Posted at Dec 04 07:52 AM

French leader Emmanuel Macron faced growing pressure Monday to find a way out of the deepest crisis of his presidency after protests over taxes sparked Paris's worst rioting in decades. Read more »

Ressa returns to Manila facing possible arrest

Anjo Bagaoisan, ABS-CBN News
Updated as of Dec 03 01:49 AM

Amid fears of her being arrested due to multiple tax evasion cases filed by the government, journalist Maria Ressa arrived in Manila saying she was ready to face these charges. Read more »

Consumer group urges Duterte to scrap fuel excise tax

ABS-CBN News
Updated as of Nov 30 12:09 PM

With the existing 12-percent VAT and the decrease in world crude prices, there is "no need" to implement the second and third tranches of the excise tax on fuel, United Filipino Consumers and Commuters President Rj Javellana said. Read more »

House panel OKs higher taxes on alcoholic drinks

RG Cruz, ABS-CBN News
Updated as of Nov 21 09:40 PM

The House Ways and Means Committee endorsed to the plenary House Bill 8618 raising excise tax rates on alcohol products to curb consumption while raising revenues for the Universal Health Care Program of the government. Read more »

Fresh clashes in French 'yellow vest' fuel price protests

Marc Preel, Agence France-Presse
Posted at Nov 19 07:27 AM

Fresh clashes in the "yellow vest" fuel price protests across France led to more injuries on Sunday, adding to the more than 400 already reported by the government, as some demonstrators vowed to continue their action over the coming days. Read more »

Profits-based royalty is 'equitable,' says Chamber of Mines

ABS-CBN News
Posted at Nov 13 09:34 AM

Profits-based royalty and a windfall profits tax, as passed by a House of Representatives committee, is the "most equitable manner" to raise revenues, the Chamber of Mines said Tuesday. Read more »

House approves bill on mining revenue reforms

RG Cruz, ABS-CBN News
Posted at Nov 12 10:58 PM

The House of Representatives approved on Monday a bill seeking reforms on how the government collects revenues from mining operations. Read more »

OFWs exempt from travel tax, terminal fee, labor chief reiterates

ABS-CBN News
Posted at Nov 06 10:10 AM

The Department of Labor and Employment wrote to the Civil Aviation Authority of the Philippines, asking the agency to refund terminal fees collected from OFWs. Read more »

Gov't to tighten purse strings amid fuel tax hike suspension: Diokno

ABS-CBN News
Updated as of Oct 18 09:25 AM

The government will cut down on some expenses amid the suspension of the second round of higher excise tax on oil, Budget Secretary Benjamin Diokno said Thursday.   Read more »

Suspension of next fuel tax hike will help 'manage' inflation expectations: DOF

ABS-CBN News
Updated as of Oct 16 11:50 AM

Department of Finance (DOF) Asec. Tony Lambino said many people mistakenly blame excise taxes on fuel for the rising prices of goods.  Read more »

Jared Kushner 'likely' paid little or no income taxes for years - NYTimes

David Shepardson, Reuters
Posted at Oct 14 09:47 AM

Jared Kushner, President Donald Trump's son-in-law and a senior White House adviser, likely paid little or no federal income taxes between 2009 and 2016, the New York Times reported on Saturday, citing confidential financial documents.   Read more »

PH fuel prices rise to highest levels since 2008

ABS-CBN News
Posted at Oct 04 12:03 AM

Despite this, the finance department is not giving in to calls to suspend taxes on petroleum products. Read more »

As world oil prices rise, next round of fuel tax hikes may be suspended: analyst

ABS-CBN News
Posted at Oct 02 08:13 PM

The government may be prompted to suspend the second round of excise tax hikes on petroleum products due next year as world oil prices continue to rise, an analyst said Tuesday.    Read more »

Nestle says 'here to stay' after Nikkei reports shutdown an 'option'

ABS-CBN News
Updated as of Sep 07 12:59 PM

The Nikkei report said the multinational food company was reeling from a government ban against the use of imported sugar in locally manufactured drinks. Read more »

'Difficult' to pass TRAIN 2 this year, says Angara

ABS-CBN News
Posted at Jul 27 12:19 PM

It will be "difficult" to pass the second tranche of tax reforms this year, as the midterm elections loomed and with Congress mired in leadership uncertainty, a senator said Friday. Read more »

DOF, may sagot sa mga mambabatas na kontra sa TRAIN-2

ABS-CBN News
Updated as of Jul 27 01:09 AM

Ayon kay DOF Assistant Secretary Tony Lambino, dapat alalahanin ng Kongreso na marami ang "benepisyong" natanggap mula sa TRAIN package 1. Read more »

Senado, nanindigan na ayaw sa cha-cha, TRAIN-2

ABS-CBN News
Posted at Jul 26 12:43 AM

Tiniyak din ng mga senador na di lulusot sa kanila ang "no-el" scenario sa 2019. Read more »

Skyjet owners ready to cooperate with Customs over seized plane

ABS-CBN News
Posted at Jul 18 08:53 PM

The owners of local airline Skyjet said they are willing to settle unpaid taxes which led to the forfeiture of one of their planes.    Read more »