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WASHINGTON, United States – US President Donald Trump threatened Wednesday to impose tariffs on European auto imports if he is unable to strike a trade deal with the EU. “We’re negotiating. If we don’t make the deal,…
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MANILA, Philippines — Congress should let President Rodrigo President decide on the measure seeking to abolish the corruption-plagued Road Board, Senator Franklin Drilon said on Monday. “The bill should be sent immediately to the President’s desk for…
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Vehicle sales dropped 23.4 percent in November, the biggest decline in the past few months. Official data showed that vehicle sales plunged to 31,258 units from 40,799 units sold in the same month last year. The latest…
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Lawmakers have earned and stand to earn huge kickbacks from road projects funded by the P45-billion road user’s tax controlled by the Road Board, which Malacañang and the Senate want abolished against the wishes of the House…
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Formula One champion Lewis Hamilton avoided paying taxes on his private jet using an elaborate scheme that is now under investigation by British tax authorities, new leaked documents has revealed. The driver received a $4.4 million (£3.3…
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The latest Senate version of the first comprehensive tax reform package is proposing that the excise tax on cars would have a higher rate next year from what was passed in the Lower House last May, a…
It’s a twist on the “What car would you buy if you won the lotto” question. This time, it’s: “What car will you buy before the excise tax increases?” …
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Auto industry players said the Department of Finance was sending a wrong signal to investors with its plan to raise excise taxes on vehicles, even as the government maintained that higher prices would not necessarily deter purchases.…
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As prices of oil products as well as vehicles will increase under the proposed first package of the Duterte’s administration comprehensive tax reform program, inflation is seen to rise 3 percent or within the government’s target next…
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Tax reform, especially lowering personal income tax rates, will be high in the Senate’s priority when sessions resume today, but Senate President Aquilino Pimentel III said they would continue to oppose moves to slap new taxes. “Tax…
