Preview

Swot Analysis

Powerful Essays
Open Document
Open Document
2650 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Swot Analysis
A SWOT Analysis on the Government Policy

“Syntax Law”

In Partial Fulfilment of the Requirements for
Political Science 101

-------------------------------------------------

SYNTAX LAW
INTRODUCTION
President Benigno Aquino III signed the Sin Tax reform bill into law on December 20, 2012 and was took effect on January 1, 2013. It was placed “syntax bill” in the subtitle instead of “sin tax bill”. Syntax is the arrangement and interrelationship of words in a grammatical construction. In order to achieve the interrelationship of words, the Congress arranged it in an organized manner for the readers to fully understand the meaning of the words that was constructed. According to Sen. Franklin Drilon, like what we do in “syntax”, we should also arrange or organize our thoughts to fully understand the benefits of the so called “sin tax bill” signed by our President last December 20, 2012.The sin tax bill had been pending in Congress since 1997 and the President said many had thought it would already be impossible to have it passed due to conflicting interests.
The Sin Tax Bill aims to raise additional revenues by increasing taxes in so called “sin products” such as alcohol and cigarettes. A large part of the revenues that will be collected would go to the government’s health care program and for the construction and upgrade of local and major hospitals nationwide. Tobacco farmers would benefit from the measure in terms of assistance and access to alternative livelihood.
In its first year of implementation, the measure is expected to generate for the government additional revenues worth P33.96 billion, of which P23.4 billion will come from cigarettes, P6.06 billion from distilled spirits and P4.5 billion from fermented liquors.
According to P-Noy, we aim to make health benefits available for all, regardless of wealth; the life of Filipinos is sacred. The bill is expected to lessen the number of smokers and alcohol drinkers in the country because of

You May Also Find These Documents Helpful

  • Good Essays

    taxation, production and sale of marijuana. Marijuana is the fourth most widely used psychoactive drug in the U.S., following caffeine, nicotine and alcohol (Eitzen 385). Caffeine, nicotine and alcohol, are all legal, regulated by the government and all contribute greatly to our economy. Why not do so with cannabis? Tobacco addiction resulting from cigarette smoking kills more Americans than alcohol, cocaine, crack, heroin, homicide, suicide, fires, car accidents, and AIDS combined (Eitzen 389). Yet the government encourages and regulates the sale of cigarettes, this is because the tobacco industry is a major contributor to the U.S. economy. Roughly $158 billion are generated each year by the tobacco industry (Eitzen 389). Aside from the sale…

    • 163 Words
    • 1 Page
    Good Essays
  • Good Essays

    Swot Analysis

    • 452 Words
    • 2 Pages

    Burlington Coat Factory Warehouse Corporation is a national department store retail that sells mainly clothing and shoes. When the company was built in 1924, it is only known for wholesaler of ladies coats and outerwear.…

    • 452 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The website justs adds the fact that their is an employment decrease and that this proposition might help but it mite not, it depends on the way you see it so this is still up for discussion. Taxing tobacco will create more funding to…

    • 161 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Direct income is generated by collecting value-added tax, excise tax and customs duties on tobacco products and corporate income tax collected from tobacco businesses. Indirect positive effects include savings in public health-care costs and state pensions due to early mortality of smokers, and savings on public costs related to the support of the elderly.…

    • 2721 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Tobacco has been a cash crop in America since the first colonists settled here. In fact, many historians have said America would not exist as we know it without the original routes of tobacco here. While there are significant health risks with tobacco, it is an essential part of the American economy. In 2011, the huge sum of 17,653,708,000 dollars were collected in revenue from taxation on cigarettes (Tobacco Tax Revenue). Apart from this immediate benefit of the taxes, it also dissuades people, particularly youth, to smoke. “Every 10 percent increase in the price of cigarettes reduces consumption by about 4 percent among adults and about 7 percent among youth”…

    • 1982 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Throughout history many industries manage to be successful enterprises, recreational substances like alcohol and tobacco have been under scrutiny in modern times. The detrimental impact on the health of our society has become a matter of concern of our government. Tobacco is responsible for more than six million each year. World Health Organization (2012) The origin of tobacco is ancient it is believed to have begun growing in the America’s in 6000 BCE. Borio (2011) Man has found inspiration with this long time leisure. The industrialization and modernizations of farming and advances in technology has increase the proliferation of one of the most profitable industries, the cigarette industry. According…

    • 789 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Cigarette Taxes

    • 1090 Words
    • 5 Pages

    The interest in cigarette taxes and their effects have been a hot topic in relation to the economy for the past 20 years. People question whether or not increased taxes really affect the demand. Do the taxes cause effects other than a change in demand? Who does this ultimately effect, the rich or poor? Where does the money go? So why does the government decide to impose higher cigarette taxes? They do this for two main reasons. One reason is to reduce the number or smokers. The second reason is to increase government revenue. The biggest problem with this though it that studies have found that raising taxes does decrease users therefore decreases the amount of revenue coming in.…

    • 1090 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    In the days of prohibition, teetotalers felt accomplished in their efforts in banning alcohol consumption on a federal level, much to the chagrin of adults across the nation who enjoyed a good drink. Once the lame duck amendment abolished its predecessor, governments saw that it could capitalize on the high demand for the substance, and thus heavily taxed it, bringing in substantial revenue. Colorado has similar plans with its legalization of marijuana thanks to the passing to proposition 64. The state stipulated that it will “enact an excise tax of up to 15 percent on wholesale sales of non-medical marijuana, the first $40 million of which will be directed to the state 's public school construction fund each year” (Regulate). Alcohol and marijuana can have similar economic benefits, and with states making education cuts, an added source of revenue would be greatly appreciated.…

    • 1356 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Swot Analysis

    • 442 Words
    • 2 Pages

    Although ADP (Automatic Data Processing) is one of the leading providers of business outsourcing solutions, it has weaknesses that negatively affect the company. One significant aspect of ADP is that the company has clients in many foreign countries, but less than only 20% of ADP’s revenues come from other regions of the world. The company has been majorly focusing on customers’ needs here in the US, keeping their clients up to date with the current laws and regulations (their HR department) and making payroll processing convenient. What they lack, though, is a diversified geographic. It’s important to concentrate on the US operations, but other countries have specific issues that may need to be handled differently. If ADP wants to expand and take full advantage of their services, they ought to pay more attention to their geographic diversification.…

    • 442 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Marijuana In Colorado

    • 403 Words
    • 2 Pages

    2. Has become the third highest tax income behind cigarettes and chewing tobacco, followed by beer and wine. Figure 4…

    • 403 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Public Sector Economics

    • 451 Words
    • 2 Pages

    In describing the economic advantages and disadvantages of the proposed tax policy change the advantage is that revenues increase substantially from $9,134 billion to $184,807 billion. From a macroeconomic viewpoint, the more money in circulation, the more money the firms will receive. With a greater amount of funds in circulation the more that workers will have in their net income. This concept stimulates the economy as a hole in a revenue approach and cash in circulation. On the contrary, the disadvantage is that the proposed tax rate was increased by 0.03 percent, the Finance sector was taxed and no one was zero rated besides Agriculture. In viewing the current law of products; the advantage is that the tax rate is slightly lower at 0.07 percent and all products were exempted from taxes, and zero rated thus receiving money back in terms of a credit. Despite the low revenue there the current tax policy tends to be more efficient. Considering that there are no taxes and credits are being received in terms or revenues.…

    • 451 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Legalizing marijuana is beneficial to the increase of government revenue and the reduction of its expenditure. Motivated by the huge profits, adventurers have smuggled marijuana through customs. As a result, customs tax, as an important contributor to the national revenue, has been evaded by them. Supposing that the marijuana is legalized, enterprises should pay tax in accordance with the law, which will undoubtedly bring the additional interests to the government. Take the Netherlands as an example, the proportion of marijuana and its related products or services contributing to the GDP reached 2% in 2007(Babor et al.,2010,p.213). In addition, legalizing marijuana can reduce the public expenditure from the government, for instance, financial costs on law enforcement, prison management and public security. Thus, the extra income and the reduced costs can be devoted to the education, public health and sanitation.…

    • 1183 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    This year, the government expects the $373 billion economy to expand by 6.2 to 6.6 percent due to increasing domestic consumption and commodity exports. According to the 2005 National Socio Economic Survey, 7 out of 10 Indonesian households routinely allocated portions of their income for tobacco products. In addition, household expenditures on tobacco was much higher than on food items like fish, meat, eggs and milk, as well as vegetables and fruits. So clearly cigarette price is an essential part to the budget allocation. As household spending on…

    • 619 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Sin Tax

    • 284 Words
    • 2 Pages

    As the end of the year 2012 approached, the passing of the Sin Tax Bill grew into being the “talk of the town” – or perhaps, of the entire country. On the 20th of December of the same year, President Noynoy Aquino finally signed Republic Act No. 10351, better known as the Sin Tax Reform Act of 2012 which was implemented on January of the year 2013.The sin tax law is expected to raise 30 billion pesos ($750 million) which will be used for the health care services for over 5 million poor families just in 2013, its first year of implementation.…

    • 284 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Sintax Reform Law

    • 3321 Words
    • 14 Pages

    How exactly will this measure impact on Filipinos who crave for the nicotine rush? Economic theory explains.…

    • 3321 Words
    • 14 Pages
    Better Essays

Related Topics