On sin tax bill

Three studies from the World Health Organization show that in our country, every Filipino smoker consumes 1, sticks every year, the highest in Southeast Asia. Why are we supporting it. Aquino, who flexed his political muscle to get the measure passed, thanked lawmakers and advocates who helped push for the reform bill.

I'm also very passionate about where I live, the United States Virgin Islands, and I'm intent on making it a better place by being resourceful and keeping our leaders honest. The Aquino administration had proposed P60 billion.

There is therefore moderate drinking but there is no such thing as moderate smoking. It is alarming that the Philippines is now the number 1 smoking country in Southeast Asia. And thus, adapting to the change in environment is key to a good health care system.

Also, compulsive gambling compromises the security and well-being of stable home life, children, and families of the gambler. Because of its higher price, consumers are discouraged to buy these sin products, cigarettes and liquors, which could lead to a decrease in number of smoking-related diseases while significantly generating revenue to Universal Health Care or the Kalusugan Pangkalahatan.

This will also cost the Philippines billions of pesos for health care, chemotherapy and palliative care. The new law is considered as the only reform on alcohol and tobacco products that favors both the government and the people.

One purpose of a Pigovian tax is to create an incentive to reduce negative externalities. An estimated 10 Filipinos die every hour due to smoking-related diseases. To prevent excise tax from being eroded by inflation, it will be increased by 4 percent every year effective for distilled spirits and for cigarettes and beer.

It is essentially, however, more than just a habituation. Similar debates happened in the House of Representatives where an alleged strong lobby by alcohol producers cut the targeted revenues in the chamber's version to P31 billion. More essays like this: Additional revenues to be brought about by the proposed sin tax reform are being viewed as one of the main sources for UHC national government financing.

It was full of heated debates that diluted what was initially an ideal bill, as well as controversies that saw the resignation of some lawmakers from their committee posts. Raising the sin tax is also expected to reduce by 20 percent the number of yearly deaths due to smoking-related diseases. In other words, they foist an unfair burden on the rest of society.

A study showed that 11 percent of all deaths in the country were attributed to cancer. It will not be surprising to see an epidemic of lung cancer among our productive members in the workforce within the next 10 to 15 years.

The law imposes higher taxes on tobacco and alcohol products, overcoming a strong industry lobby that kept prices in the Philippines among the cheapest in the world. Hindi makatarungan po na iba-iba ang buwis ng mga produktong pare-pareho [We aim to provide a level of playing field for industry players.

Two or three babies have to make do with one bassinet. However, the taxes the lower income consumer must pay represents a more substantial portion of the paycheck. What have other countries done. Groups that opposed the unitary and inflation-indexed sin tax versino of the Abaya bill included the Northern Luzon Alliance NLAwhich is composed of House representatives from tobacco-growing regions.

The bill…is a priority measure of the administration that has hurdled a significant step in the legislative process.

Duties on these products are a potential revenue source that will help fund the Universal Health Care Program of the administration. The chemical content of a stick of cigarette may cause trouble not only to the smokers themselves but also to the people around them. Although I will leave the discussion of the economics of this bill to Secretary Purisima, let me articulate its health implications.

The DOH expected more Filipinos to be stricken with cancer in the next few years.

Healthy food plate for Filipino adults launched We previously featured here the message of Department of Health Secretary Enrique Onahis opinion and his advocacy on passing the bill which is according to him it is beneficial not only to lower the risk for poorer Filipino to get lifestyle diseases but also will increase the budget to fund more health programs that will benefit us all.

It also concerns those who are old enough but abuse the use of the said vices.

In the Philippines, the top 4 killers of mortality are the following:. By: Keelen Snyders, Trainee, BDO Tax Services.

Mr Pravin Gordhan, in his budget speech delivered earlier today, announced an increase in sin taxes for alcohol and tobacco of between 6 and 10 per cent. This is likely to be comparatively higher than the increase of 7%.allianceimmobilier39.com A sin tax is used to reduce consumption on goods involving what those who uphold our moral fiber consider a bane to our society.

A kind of sumptuary tax its purpose is said to create greater tax revenues on alcohol at tobacco allianceimmobilier39.com://allianceimmobilier39.com Earmarking Revenues for Health: A Finance Perspective on the Philippine Sintax Reform Sin Tax Law (RA ) Bi-annual tax increases ( – ) Sin Tax Law (RA ) Framing Sintax Law as a health measure than a revenue measure paved way for significant allianceimmobilier39.com A sin tax is an excise tax imposed on selective products such as liquor and cigarettes and activities such as gambling, which are considered by society as vices.

Such a levy discourages individuals from engaging in smoking and drinking alcohol, without making the use of cigarettes and liquor allianceimmobilier39.com  · “Sin Taxes” are so called because they are levied on those commodities, such as tobacco and alcohol, which are the objects of widespread allianceimmobilier39.com://allianceimmobilier39.com /volumenumber-2/economics-sin-taxes.

A sin tax is an excise tax specifically levied on certain goods deemed harmful to society, for example alcohol and tobacco, candies, drugs, soft drinks, fast foods, coffee, sugar, gambling and pornography.

Two claimed purposes are usually used to argue for such taxes.

On sin tax bill