Turn to ‘belt-tightening,’ not fuel tax, to make up for losses – Pimentel

MANILA, Philippines --- Sen. Aquilino "Koko" Pimentel III called on the Marcos administration on Monday to suspend the collection of the fuel excise tax amid surging prices and turn instead to "belt-tightening" to make up for potential revenue losses. He added that he would file a bill removing the fuel excise tax and the value-added tax (VAT) in fuel transactions. "We call for the suspension of the collection [of the fuel excise tax] because I think that is already an effective action," Pimentel said, speaking in a mix of Filipino and English, in an interview with reporters. "But at the same time, we will file now a bill removing excise tax on fuel petroleum products., exem...

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