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Fiscal analysts agree that declining tax effort is partly due to systemic deficiencies in the excise tax system. In this paper, the CPBRD lays down the relevant issues that warrant immediate attention of Congress particularly the following: (a) legislated price freeze of specific brands of tobacco and alcohol products, (b) tax rates which are not indexed to inflation, (c) multi-tiered tax structure which opens up avenue for corruption, (d) smuggling, and (e) discrimination against imported alcohol products in violation of the General Agreement on Trade and Tariff. The salient features of legislative proposals currently filed in Congress to address these issues were also discussed.

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finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer

 

 

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finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer

 

 

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finffacts in figures

Panel Bot Budgetg Brieferbudget Briefer