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Emerging markets like the Philippines---which need to narrow budget deficits and repay debts, after they ballooned due to the prolonged pandemic---can consider further jacking up "sin" taxes and imposing a carbon tax to not only raise more revenues but also pursue healthier and greener economies moving forward, think tanks said. In its report titled "Meeting the Global Health Challenge to Reduce Death and Disability from Alcohol, Tobacco, and Sugar-Sweetened Beverage Consumption with Corrective Taxes," the Washington-based Center for Global Development (CGD) said that despite sin taxes slapped in some countries, including the Philippines, direct health costs and indirect economic loss...

Keep on reading: ‘Sin’ tax hike urged to restore PH to fiscal health
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