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Industry group bucks proposed ad valorem tax on carbonated drinks
date:Aug 20, 2014
nce Assistant Secretary Soledad Emilia J. Cruz, meanwhile, suggested that an excise tax should instead be imposed on carbonated drinks, with the increments pegged at a fixed amount per product volume.

The BIAP is composed of 18 beverage companies, including bottling giants Coca-Cola Bottlers Philippines, Inc., Pepsi-Cola Products Philippines, Inc., and San Miguel Corp. Mr. Tamano said that the industry has contributed P46 billion to the economy since July 2010.

Mr. Tamano said imposing taxes w

12/24 05:09