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                    [ArticleID] => 198648
                    [Title] => PAFI nixes value-based excise tax on cars
                    [Summary] => The Philippine Automotive Federation Inc. (PAFI) has  rejected the proposal of the Department of Finance (DOF) to change the basis of the excise tax for automotive vehicles from engine displacement to  value.


In a position paper submitted to the Board of Investments (BOI), PAFI president Vicente Mills Jr. warned that the value-based excise tax system would create another  loophole because "it would open the gates for price manipulation."


                    [DatePublished] => 2003-03-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1805266
                    [AuthorName] => Marianne V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 159111
                    [Title] => Local auto industry bucks value-based tax scheme
                    [Summary] => The local automotive industry is firmly opposing the value-based tax scheme proposed by the government, calling  it "a drastic change and full of loopholes."


In a position paper, the Chamber of Automotive Manufacturers of the Philippines (CAMPI), also wanted the government to clarify the tax-rate indexing mechanism on foreign exchange rate fluctuations.


CAMPI president Vicente Mills Jr. said the industry was  open to changes in the tax system, but described government’s present direction as "unstable and full of impermanent revenue regulations."

                    [DatePublished] => 2002-04-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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VICENTE MILLS JR.

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                    [ArticleID] => 198648
                    [Title] => PAFI nixes value-based excise tax on cars
                    [Summary] => The Philippine Automotive Federation Inc. (PAFI) has  rejected the proposal of the Department of Finance (DOF) to change the basis of the excise tax for automotive vehicles from engine displacement to  value.


In a position paper submitted to the Board of Investments (BOI), PAFI president Vicente Mills Jr. warned that the value-based excise tax system would create another  loophole because "it would open the gates for price manipulation."


                    [DatePublished] => 2003-03-12 00:00:00
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                    [ArticleID] => 159111
                    [Title] => Local auto industry bucks value-based tax scheme
                    [Summary] => The local automotive industry is firmly opposing the value-based tax scheme proposed by the government, calling  it "a drastic change and full of loopholes."


In a position paper, the Chamber of Automotive Manufacturers of the Philippines (CAMPI), also wanted the government to clarify the tax-rate indexing mechanism on foreign exchange rate fluctuations.


CAMPI president Vicente Mills Jr. said the industry was  open to changes in the tax system, but described government’s present direction as "unstable and full of impermanent revenue regulations."

                    [DatePublished] => 2002-04-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

PAFI nixes value-based excise tax on cars

By Marianne V. Go | March 12, 2003 - 12:00am

The Philippine Automotive Federation Inc. (PAFI) has rejected the proposal of the Department of Finance (DOF) to change the basis of the excise tax for automotive vehicles from engine displacement to value. In...

Business

Local auto industry bucks value-based tax scheme

By Ted P. Torres | April 30, 2002 - 12:00am

The local automotive industry is firmly opposing the value-based tax scheme proposed by the government, calling it "a drastic change and full of loopholes." In a position paper, the Chamber of Automotive...

Business