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Angara Nixes Lower House’s Sugary Tax Proposal

Senate Ways and Means Committee chairman Sen. Juan Edgardo Angara said that he would forward a different proposal to the HoR-approved bill on sugar sweetened beverages. The HoR version sought to impose a two-tier system that would charge excise taxes of P10 for beverages that use local sugar and P20 for internationally produced beverages. Angara, however, got support from the Department of Foreign Affairs, Trade, and Finance about the WTO-complications, impracticality, and ineffectiveness of the… Continue reading