Excise Tax vs. Sales Tax: How Are They Different?

Excise taxes and sales taxes both generate government revenue, but they work in fundamentally different ways. Sales taxes apply broadly to most retail purchases at a uniform percentage rate, appearing ...
BusinessMirror

Cutting excise tax on petroleum to benefit only car owners–bank

THE proposal to cut excise taxes on petroleum products is a “populist measure” which will benefit only the car-owning middle- ...
RealClearMarkets

It's Time to Excise the 'Double Drawback' Loophole

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...
ABS-CBN on MSN

What's the difference between excise tax and VAT - and why we pay both

Marikina 2nd District Rep. Miro Quimbo, chairperson of the committee on ways and means, explained Friday the difference ...
Inquirer.net on MSN

Oil firms admit: Excise tax suspension won’t be felt immediately

MANILA, Philippines — Any suspension of excise taxes on fuel would not be felt immediately by the public since oil companies have to exhaust its remaining products that have been taxed already, a ...