Bitcoin Forum
May 02, 2024, 12:05:40 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Taxation on vices  (Read 112 times)
Pumapipa (OP)
Full Member
***
Offline Offline

Activity: 462
Merit: 100



View Profile
March 26, 2018, 02:30:30 AM
 #1

In the Philippines, there is what we call the SIN TAX LAW wherein products linked to vices like tobacco, alcoholic beverages, sugary drinks and salty products like junk foods are taxed higher than any other products to discourage purple from buying them and switching to healthier alternatives instead.
Any thoughts on these?
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714651540
Hero Member
*
Offline Offline

Posts: 1714651540

View Profile Personal Message (Offline)

Ignore
1714651540
Reply with quote  #2

1714651540
Report to moderator
Mometaskers
Hero Member
*****
Offline Offline

Activity: 1764
Merit: 584



View Profile
March 26, 2018, 03:42:35 PM
 #2

In the Philippines, there is what we call the SIN TAX LAW wherein products linked to vices like tobacco, alcoholic beverages, sugary drinks and salty products like junk foods are taxed higher than any other products to discourage purple from buying them and switching to healthier alternatives instead.
Any thoughts on these?

I don't watch the local news often but I believe the tax on sweetened products are different from the sin tax, which mostly for tobacco and liquor. The funny thing is if that you put additional tax on sugar and salt and products that have lots of those, you would still hurt someone. Tax sodas and coffee/cocoa mixes, you hurt the cane farmers. Tax instant noodles, you hurt the people who have no choice but to eat those (yes, there are people who survive only through instant noodles and eggs).
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!