this reflects the four percent adjustment in sin taxes
according to the sin tax law, so that's expected, it's okay," the finance chief said.
The combined sin taxes
collected in 2017 exceeded the P144.
States and local governments frequently relied on short-term revenue and expenditure strategies--including so called sin taxes
The study, on "the sin taxes
that make the poor poorer", said: "The most effective way for the state to lift people out of poverty is to stop taking their money.
have the potential to generate substantial revenue.
would raise P 33 billion ($800 million or Dh2.
Politicians have always liked sin taxes
because, at least in theory, they not only raise money but also do a social good.
Plus, sin taxes
encourage consumers to evade them through smuggling and other means, which increases crime and creates social disturbances.
Currently, sin taxes
raise about $119 million annually.
create an obvious moral hazard for lawmakers.
Kellner proposed freezing all government spending, instituting a value-added tax on everything except medical, housing and food, taxing import oil and a raising sin taxes
The Washington Alliance for a Competitive Economy (WashACE) released the sixth of its 2005 competitiveness briefs -- this one titled, "Wallowing in Sin Taxes