tax hikes - updates

Rappler's latest stories on tax hikes


New year, more taxes: Last fuel hike under TRAIN takes effect

Jan 01, 2020 - 3:11 PM

Under the final tranche, excise tax for gasoline and kerosene will increase by P1 per liter, while diesel prices will go up by P1.50

TAXES. Oil prices will surge anew in 2020 due to the Tax Reform for Acceleration and Inclusion law. File photo by Darren Langit/Rappler

DOE: 2nd round of fuel tax hikes don’t cover 2018 stocks

Dec 28, 2018 - 1:36 PM

DOE chief Alfonso Cusi warns oil industry players that applying the 2019 tax rates on 2018 oil stocks may lead to company closure and even estafa charges

THE TRAIN EFFECT. Expect fuel prices to go up by January 1, 2019 due to the Train Law. File photo by Rappler

#ThewRap: Videos you need to watch this week, January 1-7, 2018

Jan 07, 2018 - 1:17 PM

Must-watch videos from this week

Firecracker ban, Tropical Depression Agaton, New Year in New York | Evening wRap

Jan 01, 2018 - 8:06 PM

Watch Rappler’s evening newscast with Mara Cepeda

Pricier goods under TRAIN Law mean better basic services, says Andanar

Jan 01, 2018 - 2:02 PM

Communications Secretary Martin Andanar says the TRAIN Law will open more job opportunities for Filipinos

TAX TALKS. Communications Secretary Martin Andanar defends the TRAIN Law. File photo by Ace Morandante/Presidential Photo

Luxury car business grapples with 'drastic' tax hike proposal

May 15, 2017 - 12:27 PM

The price of a Toyota Camry 3 5 V6 A T will surge to over P3 030 million in 2019 from the current P2 153 million based on a pending bill

'DRASTIC.' The proposal could potentially sap demand for luxury cars, local car companies say. Photo by AFP

Japan PM delays tax hike in blow for Abenomics

Jun 01, 2016 - 10:15 PM

Prime Minister Shinzo Abe postpones the increase in tariff to late 2019 when he is likely no longer in office

epa05339791 Japanese Prime Minister Shinzo Abe gestures during a press conference at Abe's official residence in Tokyo, Japan, 01 June 2016. Prime Minister Abe announced the delay of the consumption tax hike from April 2017 to October 2019. EPA/FRANCK ROBICHON

Japan's Abe may leave tax hike to next PM – reports

May 29, 2016 - 2:09 PM

Japan PM Shinzo Abe tells his close aides that he intends to push back a planned raise in taxes to October 2019

TAXATION. Japan PM Shinzo Abe will likely leave the tricky work of imposing heavier taxes to his successor. How Hwee Young/EPA

Greek parliament approves controversial pension, tax reforms

May 09, 2016 - 8:11 AM

As expected all the opposition parties voted against the bill which will reduce Greece s highest pension payouts merge several pension funds among others

GREECE. A demonstrator is covered with a European Union flag during a pro euro rally in front of the Greek Parliament in Athens Greece, 09 July 2015. Photo by Fotis Plegas G./EPA

Greece paralyzed by strike over pension reforms and tax hikes

May 07, 2016 - 12:20 AM

Metro tram and bus systems in the country all grind to a halt as part of a 48 hour strike

epa05291881 Demonstrators protest against reforms on the pension and the tax system by the Greek government, Athens, 06 May 2016. Greece's largest trade union organisations, including the General Confederation of Employees of Greece (GSEE) and the civil servants' union federation (ADEDY), announceda day before a strike action against the draft bill on pension and tax reforms that is to be voted on over the weekend. GSEE announced a 48-hour general strike, accusing the government of a carrying out a parliamentary coup, through its sudden decision to bring forward the debate on the draft bill forward to the weekend using fast-track procedures. EPA/PANTELIS SAITAS

Tobacco tax hike to add billions to Australia's coffers

May 03, 2016 - 9:51 PM

Australia announces measures to increase revenue including higher tax on cigarettes and a crackdown on firms engaging in tax avoidance

epa05288090 Australian Treasurer Scott Morrison (C) speaks during the delivery of the 2016-17 Federal Budget in the House of Representatives at Parliament House in Canberra, Australia, 03 May 2016. Reports state Australian Treasurer Scott Morrison announced tax cuts for small businesses and fines on multinational companies that shift profits offshore to avoid taxes in Australia. EPA/LUKAS COCH AUSTRALIA AND NEW ZEALAND OUT

Obama calls for scaled-back 'fiscal cliff' package

Dec 22, 2012 - 8:12 AM

US President Barack Obama Friday told lawmakers: go home and drink some Christmas egg nog before coming back to Washington

US President Barack Obama speaks on the economy and fiscal cliff negotiations after touring the Daimler Detroit Diesel Plant in Redford, Michigan, December 10, 2012. AFP PHOTO / Saul LOEB