Sin Tax Passes!

President Benigno Acquino signs Sin Tax Bill

President Benigno Acquino signs Sin Tax Bill

At the Malacanang Presidential Palace in Manila, Philippines Thursday, Dec. 20, 2012, President Benigno S. Aquino III signed into law the Republic Act 10351, Sin Tax Reform Bill 2012. The bill is expected to raise about 34 billion pesos (about $830 million) annually from higher tax receipts on tobacco and alcohol to pay for and improve public health care.

Going up against the Catholic Church and the tobacco lobby, Aquino used his popularity to get two laws passed that will provide free condoms to the poor and increase taxes on cigarettes and liquor. These additional revenues will be used to also fund the expansion of PhilHealth enrollment to the second poorest 20% of the population, with projected upgrades and modernization of hospitals and other health facilities.

Still cheaper than the beer back home!

Still cheaper than the beer back home!

You can read the Official News Release here.

All I know is that  price of my favorite cold beverage just went up!  Thank goodness I don’t smoke!

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About RandyL

I first arrived the Western Pacific (Guam) in 1974 and for several years, I lived and traveled across the Pacific region and fell in love with the SE Asian lifestyle. Once bitten by it's culture bug, it never really lets go, and lingers on as a permanent affliction...forever. So henceforth, myself and my Filipina bride of 26 years, have decided that our best antidote is to simply return to the Philippines and take up residence in the Eastern Visayas on Samar Island. Our mission - to step back in time, relax, live....and Discover Samar Island before others do! Please visit my Blog for information that might help or inspire you to find your island in life.
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