House Committee on Ways and Means Chairman Joey Salceda has thumbed down a recommendation from the International Monetary Fund (IMF) for the government to shift away from luxury taxation of cars, saying this would lead to the taxation of PUJs.
House Committee on Ways and Means Chairman Joey Salceda has thumbed down a recommendation from the International Monetary Fund for the government to shift away from luxury taxation of cars, saying this would lead to the taxation of public utility jeepneys .
“I can’t justify taxing a low-emission luxury car at a lower rate than a [PUJ]–especially during elevated inflation and the return of face-to-face engagements,” said the economist-congressman. Instead, Salceda says he prefers “an updating of the rates of motor vehicle users taxes, based on gross vehicle weight – since it also accounts for the externality that is road damage and congestion”.
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