Economics IA: Article Commentary 1
Title: Senate approves higher sin tax on cigarettes
Source: CNN Philippines
https://www.cnnphilippines.com/news/2019/6/3/Senate-
Article Link:
passes-tobacco-excise-tax-bill.html
Date of Article: 3rd June 2019
Date of Writing: 29th November 2019
Section: Microeconomics
, This article refers to a bill in the Philippines that will raise the indirect tax on cigarettes to
₱60, causing a 60% increase on the average price of a pack of cigarettes, which is ₱95. The
government is aiming to reduce the market failure in the cigarette market and raise revenue
for their ‘Universal Healthcare Act’.
The diagram above shows the Philippines’ market for cigarettes.
Title: Senate approves higher sin tax on cigarettes
Source: CNN Philippines
https://www.cnnphilippines.com/news/2019/6/3/Senate-
Article Link:
passes-tobacco-excise-tax-bill.html
Date of Article: 3rd June 2019
Date of Writing: 29th November 2019
Section: Microeconomics
, This article refers to a bill in the Philippines that will raise the indirect tax on cigarettes to
₱60, causing a 60% increase on the average price of a pack of cigarettes, which is ₱95. The
government is aiming to reduce the market failure in the cigarette market and raise revenue
for their ‘Universal Healthcare Act’.
The diagram above shows the Philippines’ market for cigarettes.
