This is the best example to illustrate how big the impact is of the VAT on oil on government revenues. Because of the 12% interest rate on the growing oil prices, the government’s revenue for the first half of this year is 22% higher than that of 2007. Normally this would be a good thing –...
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Posts Tagged ‘Gas Prices’
VAT Increases Gov Revenues by 22% vs ‘07
Wednesday, August 6th, 2008Senator Roxas on Removing VAT on Oil Products
Friday, July 18th, 2008I was recently invited to join a group on Facebook which basically aims to lobby for the removal of the VAT on oil products. This was one of the videos that was uploaded and it pretty much sums up all of the major points why the VAT should be temporarily taken out. The video is about the main proponent...
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Government Should Subsidize LPG Conversion
Sunday, July 13th, 2008This is in reaction to a published article in today’s issue of Philippine Daily Inquirer entitled “Solons would rather switch to LPG than pay P61/liter”. Basically the article talks about several congressmen endorsing the use of LPG tanks since they claim that it does not pose any hazardous...
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