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Shift to specific tax on oil cited as compromise

Posted by Mai on August 19th, 2008

GMANews.TV
Shift to specific tax on oil cited as compromise
08/19/2008 | 04:12 AM

MANILA, Philippines - Senator Manuel A. Roxas II on Monday said amending the expanded value added tax (VAT) to a specific tax, from its current ad valorem form, would be a good compromise for the government, which insists on keeping this tax on oil products, and transport groups, which are pressing to scrap it.

Read rest of this story here:
GMANews.TV

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This entry was posted on Tuesday, August 19th, 2008 at 1:35 am and is filed under Philippine News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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