President Aquino Signs Law For Wider Health Cover For Filipinos

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Mike S
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Great news especially sense it will be partly funded by the sin-tax proceeds ..... lets hope it will do some good for those that really need it ..... :AddEmoticons04230: :thumbs-up-smile:

:cheersty:

Edited by Mike S
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SubicSteve
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Great news especially sense it will be partly funded by the sin-tax proceeds ..... lets hope it will do some good for those that really need it ..... :AddEmoticons04230: :thumbs-up-smile:

:cheersty:

 

 

HA!!!!!!!

 

 

SIN TAX TAKE ‘NIL’

THE government was not able to collect “any single centavo” from the implementation of the Sin Tax law during the first quarter of 2013 due to smuggling of cheaper cigarettes.

Sen. Ferdinand “Bongbong” Marcos Jr. made this claim Thursday when asked about the progress of the collection of higher taxes from cigarettes and alcoholic drinks. Marcos and then Senate President Juan Ponce Enrile — who come from tobacco-producing provinces — vehemently opposed the passage of the Sin Tax Reform bill that imposes almost 1,000 percent tax increase on cigarette products.

Enrile believes that the sin tax measure would lead to smuggling and other security problems. The Sin Tax Reform Act of 2012 or Republic Act 10351 was signed into law last December 20 by President Benigno Aquino and took effect on January 1, 2013.

“Can you please note that the Sin Tax (law) has been passed (pero) wala silang nakolekta kahit isang sentimo because precisely of the things I’ve brought up during the debates on the floor, na lumaganap ang smuggling, bumaba ang (collection) — all of the things that I’ve said,” Marcos said in a forum.

Marcos earlier expressed hope that he was “wrong” in his assumption that it will be impossible for the government to collect the projected Php33.96 billion incremental revenue during the first year of the implementation of the sin tax reform bill.

Voting 10-9, the Senate last Dec.11 ratified the bicameral conference committee report restructuring excise taxes on alcohol and tobacco products wherein the panel agreed to raise Php33.96 billion incremental revenue during the first year of the implementation of the “sin tax” reform bill.

“Sa first quarter ng 2013 wala silang (Bureau of Internal Revenue officials) nakolekta because exactly of the things we warned them about. But they did not listen. And that is why the collections as I pointed out, both as a quantitative solution and also as a qualitative argument, clearly has shown to be flawed,” Marcos said.

“Talaga namang walang magiging benepisyo sa tobacco industry (and sin tax law), but even sa collection ng gobyerno. Sinasabi nila yung bilyon-bilyon na makokolekta nila—wala silang nakolekta. And the effect of that, we are certainly going to be taking this up, one year after the sin tax (law) was enacted, I’m going to stand up (on the Senate floor) and tell you exactly what happened — kung makita natin kung effective o kung hindi,” he added.

 

 

http://www.journal.com.ph/index.php/news/headlines/52772-sin-tax-take-nil

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Mike S
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I thought it was to be based on cigarettes sold not manufactured ..... if they couldn't collect one single centavos for the quarter something else is wrong because if they are smuggling in that much product there would be no need to grow it here and produce cigarettes .... but with the reports coming from those two guys it wouldn't surprise me one little bit .... not one single centavos for 3 months .... yup ... and I got some property in the Spratlys I want to sell ...... news reporting at it's finest ....  :hystery:  :hystery: 

:cheersty:   

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