THE beverage industry intends to make a counter proposal on the tax on sugar-sweetened beverages before the Senate to impose the tax on sugar content and not per liter. There’s minimal change, but instead of the per liter, they are proposing on sugar content,” Trade Secretary Ramon Lopez said over the weekend. Higher income, higher tax rate. Even on the reduction of the income tax rate, if you notice there’s a higher tax rate on higher income,” Lopez added. He said the lower income group gets a lower tax bracket, which makes the tax reform progressive and not regressive or anti-poor.

Source: Manila Times June 04, 2017 16:30 UTC