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Philippines: Cigarette tax take substantially higher

Cigarette excise tax revenues have substantially increased following Japan Tobacco, Inc.’s takeover of Mighty Corp., the Finance department said. Excise tax payments attributable to Mighty brands totaled P20.22 billion from September to December 2017, the department said, a 262-percent improvement or P14.65 billion more than the P5.57 billion recorded in the comparable 2016 period. Total […]

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