Bill Filed to Grant Philippine President Power to Suspend Oil Tax Amid Middle East Conflict

A bill has been filed in the Philippines seeking to grant President Marcos special powers to suspend excise taxes on petroleum products, particularly in response to the ongoing conflict in the Middle East and its impact on fuel prices.

5 Mar, 09:35 — 5 Mar, 09:35

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Permanent powers for Marcos to handle oil prices sought in Senate

MANILA, Philippines — A senator wants President Ferdinand Marcos Jr. to have permanent powers to deal with rising oil prices amid conflicts. Sen. Chiz Escudero is calling for amendments to the Tax Reform for Acceleration and Inclusion (TRAIN) Law that will empower the president to suspend or lower excise and value‑added taxes on fuel. The

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Bill Filed to Grant Philippine President Power to Suspend Oil Tax Amid Middle East Conflict

Read at source (1 outlet)

Permanent powers for Marcos to handle oil prices sought in Senate

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