New sin tax may drive prices of sugary drinks by around 30%

THE DEPARTMENT of Finance’s (DoF) proposal to hike taxes on sugary drinks, alcohol, and tobacco could raise prices of these products by around 30% and push inflation well beyond the central bank’s target ceiling in 2027, Chinabank Research said. In a report on Wednesday, Chinabank Research said the National Government’s (NG) proposed sin taxes, if […]