Sin tax reform: Making the grade

James LaffertyThrough the congressional phase of the sin tax reform debate, it has been clear the proponents on both sides have zeroed in on various specificities to bolster their case. The role of Congress and now the Senate is to sort through the rhetoric and weigh the sides in light of what is in the best interests of the nation.

After all, nothing in life is “100% good” or “100% bad” And there are pros and cons to each side.

In an attempt to take a holistic view of reform, this provides a grade — a winning side — for each of the 5 key areas of debate regarding sin tax reform.

Overall, when one puts it all together, indeed nothing is perfect. No option ever is. But it is clear the current bill is an overall win for the Philippines. Let’s just hope the Senate continues the reform-minded, visionary, and courageous thinking.

 

 

James M. Lafferty is the retired CEO of Procter and Gamble Philippines and presently CEO of British American Tobacco Philippines.

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