Dominguez defends excise tax on sweetened drinks

Finance Secretary Carlos Dominguez on Thursday defended the government proposal to impose an excise tax of P10 on sugar sweetened beverages.

 

Dominguez said the proposed tax was meant to discourage the public from consuming unhealthy sugary drinks.

 

“You know, too much sugar is bad for you. So, if the consumption—excessive consumption of sugar goes down, your health will be better,” Dominguez said.

 

“So, it’s really a health measure. You’re trying to discourage the consumption of unhealthy products, just like cigarettes, alcohol,” he said.

 

Under the administration’s tax reform package, which was passed by the House of R…

Keep on reading: Dominguez defends excise tax on sweetened drinks

Go to Source
Author:

Powered by WPeMatico

Related posts:

Comments

comments