Such additional tax burden is enough to buy one to three kilos of rice (P27 per kilo of regular NFA rice or P37 a kilo of regular commercial rice) for their family’s consumption.
How oil deregulation and tax reform burden the poor
Tags: oil
Oil Rules
By JOE CONASON Truthout International Posted by Bulatlat.com The more we learn about the BP oil well blowout in the Gulf of Mexico, the more we ought to question the basic assumptions that led us here. Like the explosion of the housing bubble that ruptured the world economy, this human and environmental tragedy resulted from…
Global Oil Prices Fell 5X Faster Than Local Pump Prices in 2008 – Bayan
Multisectoral group Bagong Alyansang Makabayan (Bayan) disclosed today that global crude prices fell five times faster than retail pump prices in 2008, resulting in overpricing that reached as high as P12.60 per liter for kerosene and P9.56 for diesel last year. The group released its latest study amid a fresh wave of oil price hikes…
Pump Prices Still Above Normal Levels
Even as world crude prices have gone down to approximately their January 2008 levels, current pump prices are still above the averages for the period January-March 2008.
Oil Firms Must Reveal Pricing Mechanisms – Solon
BY Bulatlat.com August 25, 2008 – 1:35 p.m. A party-list representative said that oil companies, especially the Big Three oil players, should reveal their pricing mechanisms to Congress. Bayan Muna Representative Teddy Casiño warned the Pilipinas Shell, Chevron Philippines [formerly Caltex], and Petron to stop ‘deliberately withholding vital information or face sanctions from Congress. Tomorrow,…
Poor Pays 90% of VAT on Power, Oil – Expert
Using government data, Ramon Ramirez, electrical engineer and spokesperson of People Opposed to Warrantless Electricity Rates, concluded that the poor pays for 90 percent of the VAT on oil and power. BY RONALYN V. OLEA Bulatlat Volume VIII, Number 26, August 3-9, 2008 The poor and the middle class who probably expected that some measure…
Something Had to Give: How Oil Burst the American Bubble
BY MICHAEL T. KLARE TomDispatch.com/Truthout ALTERNATIVE READER Posted by Bulatlat Vol. VIII, No. 2, February 10-16,2008 The economic bubble that lifted the stock market to dizzying heights was sustained as much by cheap oil as by cheap (often fraudulent) mortgages. Likewise, the collapse of the bubble was caused as much by costly (often imported) oil…