The Joint Foreign Chambers of the Philippines (JFC) on Thursday called on the government to reconsider imposing new taxes on junk food and raising existing ones for sugar-sweetened beverages, marking the first major pushback from business groups concerning the tax policy direction. JFC, a coalition of the American, Australian-New Zealand, Canadian, European, Japanese and Korean business chambers, as well as the Philippine Association of Multinational Companies Regional Headquarters Inc., said there should be a careful reassessment of these additional taxes as these would be inflationary for local consumers and discriminatory to certain businesses.

https://newsinfo.inquirer.net/1795365/group-urges-govt-to-reconsider-junk-food-taxes

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