Jump in illicit cigarette trade seen

While the government braces for the possibility that smuggling and counterfeiting of cigarettes and tax stamps would worsen once higher excise taxes take effect, Sen. Sonny Angara said Tuesday that the legislative could still jack up levies on "sin" products before the 17th Congress ends.   "It's still possible but somewhat difficult if we were to gauge our colleagues," Angara told the Inquirer when asked if the proposal of the Departments of Health (DOH) and of Finance (DOF) to further increase "sin" taxes could still get Congress' approval during the remaining three weeks of session.   Angara, who chairs the Senate ways and means committee, also said the committee...Keep on reading: Jump in illicit cigarette trade seen

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.