The Philippine Supreme court upholds constitutionality of a tax reform law that lowered income taxes and raised levies on some items, it says in a statement.
- Petitioners had said the tax reform law carries provisions imposing excise taxes on diesel, coal, LPG and kerosene which “were prohibited regressive taxes” and discriminate against the poor
- Court says “the Constitution, in its present form, does not prohibit the imposition of regressive taxes, but merely directs Congress to evolve a progressive system of taxation”
- Petitioners’ contention that the provisions are anti-poor was not sufficiently proven and remained largely hypothetical, it adds
- NOTE: In ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.