As the Senate ways and means committee is expected to complete its report on the proposed increased tax on alcoholic drinks and e-cigarettes, its chairman said the burden of proof now falls on the shoulder of those opposed to an increase in sin tax
Consumption of carbonated drinks in Muscat has dropped in just two months since the imposition of sin tax
. On June 15 this year, Oman joined the list of GCC states by imposing 50 per cent tax on aerated and energy drinks.
The House's version of the sin tax
bill further raises the excise tax on heated tobacco or e-cigarettes to P45 per pack in 2020 and an incremental increase of P5 per pack per year, on par with regular cigarettes, while vapor products with nicotine salts increases the tax to P30 from the current P10 per milliliter, with an incremental P5 yearly increase to P45 by 2023.
He said the estimated P33 billion revenue to be collected from the new sin tax
will be used for the implementation of the government's Universal Health Care program.
Boris's latest sweetener to add to the billions he's already promised the electorate is to get rid of 'sin tax
' on sugar, (the usual Boris contradiction as he increased this when Mayor of London).
Targeted as the next treat to have an arbitrary sin tax
slapped on it, the milkshake and its consumers have just found a new ally.
The government has also changed the name of the new tax on tobacco and carbonated drinks from Sin Tax
to Health Tax, official sources told The Nation here Sunday.
Drilon on Thursday insisted that revenues that will be raised under the proposed sin tax
measure, which would impose higher taxes on tobacco products anew, should be exclusively and solely used to fund the universal healthcare (UHC) program and other health-related projects.
Sotto in a letter that the Lower Chamber would back whatever is the Senate decision on how much excise tax to be imposed on cigarettes and alcohol, to expedite the congressional approval of the sin tax
When I'm tempted to take a sip of my favourite drink, that too has been slapped with a high excise tax to seal budget deficit under what they call 'sin tax
While the proposal for the sin tax
is reportedly currently under consideration of the fed- eral Cabinet, it is important to learn from the experi- ences of other low- and middle-income countries that have implemented this tax to comprehend its potential utility and to ensure maximum effectiveness.
ISLAMABAD -- The government remains undecided on whether to impose a 'sin tax
' on cigarettes, as suggested by a special Senate committee, due to opposition by the Federal Board of Revenue.