Tuesday, May 19, 2026
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Tag: tax rate

US companies balk at tax hike to pay for Biden infrastructure plan

President Joe Biden's ambitious infrastructure spending plan is brand new, but the package already is drawing condemnation from corporations who will face tax hikes...

Bicam okays bid to hike excise tax on alcohol, vapes

The bicameral (bicam) conference committee on Wednesday approved a measure increasing the excise tax rate on alcohol, heated tobacco, and vapor products that would...

Auto firms eye lower tax rate

The local automotive industry asked the government to consider its proposal for a seven-tier tax system that will serve as a median between the...

Govt studies 1% tax on stocks

The government plans to double the tax rate on stock market transactions to 1 percent of the gross selling price in a bid to...
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