MANILA, Philippines — Two top American business organizations – U.S. Chamber of Commerce and US ASEAN Business Council – have raised their concerns before the House of Representatives over the impact of a pending tax bill that seeks to impose high tax increases on alcohol and tobacco products on investors and the domestic economy.
Both huge business groups have asked House Speaker Feliciano Belmonte to be cautious over HB 5727 saying this would only encourage smuggling into the country.
Business Groups Nix Tax Increases
Source: mb.com.ph – Business
