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Philippines Urged to Align Tobacco Taxation with Revenue-Maximizing Rate, Economist Warns

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  The Philippines should realign its tobacco tax rates closer to the revenue-maximizing level, as further increases could lead to greater revenue losses, according to Dr. Arthur Laffer, founder and chairman of Laffer Associates. “Doubling down with further revenue-losing tax rate increases is never a sensible solution to a tax revenue loss,” Laffer emphasized. He explained that the Philippines’ continuous tax hikes on tobacco have surpassed the revenue-maximizing point, resulting in reduced collections. The Laffer Curve and Declining Revenues Laffer, widely known for the Laffer Curve theory, pointed to the country’s declining tobacco tax revenues as evidence of the curve’s principles in action. The Laffer Curve illustrates the relationship between tax rates and revenue, where increasing tax rates initially boost revenues but, beyond a certain point, cause them to decline as the tax burden stifles consumption or drives illicit trade. Under the Tobacco Tax Law of 2019 (Republic ...
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VAPING LAW | REPUBLIC ACT NO. 11900, July 25, 2022

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  Eighteenth Congress Third Regular Session Begun and held in Metro Manila, on Monday, the twenty-sixth day of July, two thousand twenty one. [ REPUBLIC ACT NO. 11900, July 25, 2022 ] AN ACT REGULATING THE IMPORTATION, MANUFACTURE, SALE, PACKAGING, DISTRIBUTION, USE, AND COMMUNICATION OF VAPORIZED NICOTINE AND NON-NICOTINE PRODUCTS, AND NOVEL TOBACCO PRODUCTS Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: Section 1.   Short Title.   — This Act shall be known as the   "Vaporized Nicotine and Non-Nicotine Products Regulation Act." Section 2.   Declaration of Policy.   — It is hereby declared the policy of the State to protect and promote the right to health of the people and instill health consciousness among them. It is further declared the policy of the State to enact a balanced policy whereby these novel consumer products are properly regulated using inter...
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Location: Philippines
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The Evolution of Disposable Vapes: From Niche to Mainstream

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  **The Evolution of Disposable Vapes: From Niche to Mainstream** Disposable Vape Pens Disposable vapes have emerged as a noteworthy chapter in the ongoing story of vaping's evolution. These convenient, single-use devices have rapidly captured the attention of vapers seeking simplicity and on-the-go satisfaction.  Let's dive into the recent history of disposable vapes, exploring their rise to prominence and their place in the vaping landscape today.   **Early Days and Rapid Growth (2010s)** The concept of disposable vapes began to take shape in the early 2010s, aligning with the broader growth of the vaping industry. These initial disposable devices were relatively basic, often resembling traditional cigarettes in appearance. However, they offered a hassle-free experience with pre-filled e-liquid and a built-in battery. **Mainstream Appeal (Mid-2010s to Present)** The mid-2010s marked a turning point for disposable vapes. Technological advancements led to improved battery...
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