Philippines considers a tax on text messages

Mar 26 2004 - 06:19 PM ET | SMS
While goverments being strapped for cash is nothing new, looking to text messages to help ease the pain is. The Philippine goverment is considering putting a tax on text messages that would bring in an estimated 500 million pesos per year. However, the deficit last year was 200 billion pesos, so the tax would make little difference.