25/05/2026
๐๐ฅ๐ฅ๐ข๐๐ข๐ญ ๐๐ซ๐๐๐ ๐๐ฌ ๐๐๐๐จ๐ฆ๐ข๐ง๐ ๐ญ๐ก๐ ๐ญ๐จ๐๐๐๐๐จ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒโ๐ฌ ๐๐๐ฏ๐จ๐ซ๐ข๐ญ๐ ๐๐ฑ๐๐ฎ๐ฌ๐
A new EU-ABC report on illicit to***co trade is being cited to support claims that higher to***co and v**e taxes fuel smuggling and illegal sales across ASEAN.
In this weekโs Yellow Pad, Filomeno Sta. Ana III and Pia Rodrigo warns that this narrative is misleading,and increasingly being used to justify lowering v**e taxes in the Philippines. The real drivers of illicit trade are weak enforcement, regulatory loopholes, and poor oversight, not high tax rates. Read more at https://tinyurl.com/2p6jsh54