by bworldonline.com
THE CURRENT
excise tax structure on alcohol and tobacco must be overhauled as it has led to foregone government revenues totaling P32.4 billion in the last five years, data from the Finance and Health departments showed.
A total of P19.5 billion was foregone in the taxation of tobacco in the years 2006-2010. This could have been used to fund public health care, such as pay of 203,125 registered nurses; premium subsidy for the health insurance of 8 million indigent families; influenza and pneumonia vaccines for 11 million senior citizens; rotavirus vaccines for 29 million children; and various vaccines for 9 million children.
Meanwhile, P12.9 billion was foregone in the taxation of alcohol from 2006 to 2010. This could have financed the pay of 134,375 registered nurses; premium subsidy for the health insurance of 5.4 million indigent families; influenza and pneumonia vaccines for 7.5 million senior citizens; rotavirus vaccines for 19.2 million children; and various vaccines for 6.2 million children.
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