Higher oil tax encourages smuggling
Several groups have expressed concern about the proposal of the Department of Finance to impose higher excise taxes on oil and gas products, saying this could put undue burden on ordinary Filipinos and worse, encourage more smuggling.
According to Finance Secretary Sonny Dominguez, as much as P6 per liter could be levied on diesel and other products like bunker fuel, kerosene and liquefied petroleum gas which are currently exempt from excise taxes. Meanwhile, as much as P10 increase in excise taxes for the first year is being mulled for regular gasoline, aviation fuel, leaded and unleaded premium gasoline and other oil product.
http://www.philstar.com/business/2016/09/01/1619141/higher-oil-tax-encourages-smuggling
Related Posts
Thirteen people arrested by authorities in Victoria, WA in operation targeting illegal tobacco trade
Police have arrested 13 people — some with alleged links to a Middle Eastern...
6.5 kg of gold seized at Chennai airport
Chennai Air Customs seized 6.5 kg gold and electronic goods worth Rs. 3.09 crores...
Arrests made in U.S. currency counterfeiting operation in Peru
On April 4, the United States Secret Service office in Lima, Peru, and the...
Fake sellers in Dubai go online to evade raids
Fake goods sellers are turning to WhatsApp and home deliveries to avoid being...