About this document
Tax Regulation Dispute: Fortune Tobacco by Joshua Erik Madria is a document available to read on EtoBox.
The document summarizes a Supreme Court case regarding the validity of Revenue Regulation No. 17-99 which implemented a 12% increase in excise tax on cigarettes effective January 1, 2000. The regulation stated that the new specific tax rate could not be lower than what was paid previously. However, Section 145 of the Tax Code only mandated a 12% increase and did not refer to prior tax rates. The Court ruled the regulation was invalid as it went beyond the legislative mandate in Section 145 by imposing a hig
- Author
- Joshua Erik Madria
- Language
- EN