Government still losing billions in tobacco taxes

0

(By Beting Laygo Dolor and Joel Sy Egco, Top Stories, November 6, 2013)
This is what happens when the government implements laws without considering the effects on the industry. When the STL was approved, smuggling became rampant and local companies took advantage of the inadequacy of the BIR to collect proper taxes, and the BoC’s inability to curb illegal importation.
Juan Crisostomo, chrisantoromero@gmail.com

Advertisements
Share.
loading...
Loading...

Please follow our commenting guidelines.

Comments are closed.