At the Business Forum ni Karancho held at the Stone
House Bed & Breakfast in Quezon
City last May 24, Federation of Philippine Industries (FPI) chairman Jess
Arranza explained that the House-concocted tax mega hike on sugar and even artificial
sweeteners, will not only prove bitter for consumers but on local industries as well. He explained
that this is likely to cause a sharp drop in demand for sugar—which in turn
will hurt the local sugar industry. Arranza added that government’s tax
collection targets can be achieved without forcing the public to reach even
deeper into their pockets, by simply plugging tax loopholes and curbing
corruption in revenue-collecting agencies. --- Mister
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