Tobacco

by Dharel Placido, ABS-CBN News, Jan 8, 2019 MANILA – President Rodrigo Duterte has approved the health and finance departments’ proposal to raise the excise tax on tobacco and alcohol products, the Palace said Tuesday.

by Michael B. Jaucian, Philippine Daily Inquirer, Nov 29, 2018 LEGAZPI CITY— The House of Representatives’s ways and means comittee has approved House Bill 4575 which seeks to increase the tax imposed on cigarettes, Albay 2nd District Representative Joey Salceda said Thursday.

by Mary Grace Padin (The Philippine Star) – Nov 12, 2018 MANILA, Philippines — A group of local tobacco farmers has appealed to the government to reconsider the proposal to increase anew excise taxes on tobacco products.

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by Dharel Placido, ABS-CBN News, Aug 15, 2018 MANILA – The Department of Health on Wednesday said it was backing proposals to increase the tobacco excise tax rate to P90 per pack to augment the proposed Universal Health Care law.

by Philippine Daily Inquirer, May 09, 2018 After the fall of Mighty Corp. as a result of the government’s crackdown on illicit cigarette trading last year, some remnants of “underground” cigarette business continue to operate locally—at a smaller scale than before but still enough to cause concern, the chief of conglomerate LT Group Inc. (LTG)…

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AFP News, Mar 5, 2018 Former New York Mayor Michael Bloomberg, who made his fortune selling financial data, has given more than a billion dollars since 2007 to curb global tobacco use, which claims nearly seven million lives every year.

Brace for more: DOF says TRAIN has yet to impact inflation Businesses’ compliance to higher taxes on cigarettes and not the impact of tax reform is the main factor for the big jump of Philippines’ inflation rate in January 2018 to 4 percent from 3.3 percent in December 2017.

By: Aie Balagtas See, Leila B. Salaverria, Marlon Ramos, Philippine Daily Inquirer, Mar 08, 2017 President Duterte, known as “Superman” to a confessed hit man of the so-called Davao Death Squad when he was mayor of Davao City, is taking on Mighty Corp., a Filipino cigarette manufacturer accused of massive tax evasion.

MANILA, Philippines – Inspite of the global financial crisis, the tobacco industry is coming out strong and bullish this season.

MANILA, Philippines – The local tobacco industry continues to defy the economic odds for the second straight year, following reports of another bumper harvest and good prices this year which augurs well for the two million Filipinos dependent on this industry.