Finance Department Offers Compromise with Senate over Tax Reform Measures

Senate Ways and Means Committee chair Juan Angara said that the Department of Finance is open to tweaking its tax reform proposal package. He revealed that Finance Secretary Carlos Dominguez was willing to drop the proposed tax on sugar-sweetened beverages in return for the full passage of the fuel excise tax. It isn’t clear yet if Dominguez wanted the senate to approve a one-time hike as originally proposed or a…

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