Proposed luxury tax not fair | Inquirer Opinion
LETTER TO THE EDITOR

Proposed luxury tax not fair

/ 04:10 AM January 30, 2023

Dear Mr. Palabrica,Thank you for your piece (“Louis Vuitton tax,” Business, 1/24/23). But if I may say so, I think it’s an unfair tax to impose based solely on the premise that only the uber-rich can buy say cars above P5 million.It’s discriminatory for mid-income car enthusiasts; for example, who can always save up or trade up their Fortuners to finally buy their dream Land Cruiser?Or, should they just listen to the government saying, “Just stick to your league boy. Or pay up!”Jewelry and precious stones can compensate for taxes as their values appreciate in time. Cars cannot.

Armis Cruz, BF Homes P’que

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS:

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.