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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - Hier 12:05

Revenue loss from illicit tobacco trade flagged

AS the government struggles with a huge fiscal deficit that it must fill with more borrowings or tighter collection or new taxes, Senator Sherwin T. Gatchalian has flagged an estimated P50-billion revenue leakage in 2024 from the increasing illicit trade in cigarettes and the misdeclaration of vapor products.

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