Sin Tax In The Philippines

“The art of taxation consists of so plucking the goose as to obtain the most feathers with the least possible amount of hissing,” says Jean-Baptiste Colbert. Value-Added Tax is said to be a tax imposed on the sale of goods and services while Sin tax is a tax imposed to those sinful products like alcohols and cigarettes. The government made this to discourage individuals from joining in such activities without making the use of the products illegal. Maybe many Filipinos doesn’t care about the Sin tax, they just go with the flow of the government. Whatever happens to Sin tax, whether it increase or decrease they continue buying the sinful products. According to an online article USC34: PASS SIN TAX BILL NOW (par. 5) “House Bill 5727 also known as Sin tax Reform Bill, states that this would simplify and update excise taxes on sinful products but what happen is they are not practicing it. Filipinos doesn’t mind the sin tax law, they’re focused complaining about the VAT. The standard rate of VAT in all goods and services is 12% of the gross selling price or gross receipts, but the government must decrease the VAT to 10% in selected products and add the deducted 2% to Sin tax to reduce the consumption of the sinful products, to improve the public health and to regulate the taxation system.
There are many benefits when 2% is added to Sin tax. First, it will reduce the consumption of sinful products that will lessen the vices of the people. Many Filipinos are full of vices,