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 ...
As the April column in this series pointed out, the Infrastructure Investment and Jobs Act of 2021 reinstituted the Superfund chemical excise tax. Somehow, more than a few of our colleagues and ...
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By how much could pump prices drop if excise taxes are suspended?
Pump prices could post a significant decline should President Ferdinand “Bongbong” Marcos Jr. secure emergency powers to suspend excise taxes on fuel, but any price drop will depend on whether he opts ...
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