Image by Nuel M.Bacarra/Kodao

Suspend excise, VAT; tax oil cartel’s windfall profits

“If government needs funds for services and infrastructure, then tax the excess profits of those profiteering from disaster, not the daily consumption of workers. Ipataw ang buwis sa super tubo ng kartel, hindi sa sikmura ng taumbayan.
“We must do both: cut taxes at the pump to protect the people, and tax windfall profits to make the monopolies pay their share. The administration must choose: will it defend the public, or keep acting as collector for oil cartels and war-driven price shocks?” — ACT Teachers’ Party Rep. Antonio Tinio
Image by Nuel M.Bacarra/Kodao