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Afraid the New Tax Law will Jack Up Car Prices? Maybe Not, If You’re Buying the Really Expensive Models

Cars currently costing Php2 million or more may see future prices fall, says an economics policy studies group

When the Department of Finance first released its early proposals for comprehensive tax reforms earlier this year, many in the automotive industry were fearful the proposed excise taxes on motor vehicles may dampen demand for automobiles, especially luxury cars. The DOF proposals, ...

by Pauline Macaraeg  | December 18, 2017 01:00:00
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