PCCI raises concerns on proposed plastic bag tax, fearing it may lead to tax evasion and environmental degradation.

The Philippines' PCCI raises concerns over the proposed excise tax on single-use plastic bags, suggesting it may spur the underground economy, tax evasion, and environmental degradation. Industry leader Danny C. Ngo argues that exploring alternative strategies to balance economic growth and environmental sustainability could be more effective. The Department of Finance's proposed weight-based rate for the tax in 2024 aims to reduce pollution and raise revenues.

August 25, 2024
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