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People's Journal - Marcos deplores tax ‘bias’ against tobacco

In The News
10 December 2012

By Bernadette E. Tamayo | People's Journal

Featured-Image-Journal-OnlineSENATOR Ferdinand Marcos Jr. deplored the apparent “bias” against the tobacco industry in terms of tax burden sharing with alcohol during the recent bicameral conference committee deliberations on the crafting of the final version of the sin tax reform measure.

“Hindi namin maintindihan kung bakit nila ginagawa yun. Kung sinasabi nilang health measure ito di dapat sabay-sabay na tinataasan ang presyo para mabawasan ang umiinom, mabawasan ang nagsisigarilyo,” said Marcos, who hails from the tobacco-producing Ilocos province.

He is set to seek an explanation when the bicam committee resumes its deliberation today. “Bakit ang nangyari binawasan nila ang sa alcohol at tinaasan ang sa tobacco? So, ang nangyari, ime-maintain nila for the next five years yung sa alcohol pero yung sa tobacco paakyat ng paakyat. So, yung burden sharing pabigat ng pabigat sa tobacco,” Marcos said in an earlier interview.

The bicameral conference committee will meet again today to discuss the earmarking of the projected tax revenue collection which is expected to reach Php35 billion in its first year of implementation.

As adopted by the bicam panels, total incremental revenues from the implemetation of the sin tax bill over a five-year period amounts to Php248.49 billion broken down as follows: Php164.47 billion from tobacco products; Php48.53-billion from beer; and Php35.34 billion from distilled spirits.