P14.7-B Unpaid Taxes since 1985 ng Hacienta Luicita Target ngayon ng BIR

P14.7-B Unpaid Taxes since 1985 ng Hacienta Luicita Target ngayon ng BIR

67
5112
realpolitiker.weebly.com

The government of President Rodrigo Duterte is eyeing to collect more than ₱100 billion of unpaid taxes from big corporations that left unpaid for more than three decades, Bureau of Internal Revenue (BIR) officer Teodoro Pancho said on Friday after the Philippine Airline (PAL), settled its ₱6 billion tax arrears.

Pancho said BIR is expected to collect at least ₱27.3 billion this year and the big part of it will be collected from the controversial Hacienda Luisita Inc., which has not been paying taces since 1986 – the year former President Corazon “Cory” Aquino took over the Malacañang palace. The 6k+ hectare plantation id owned by the Cojuanco-Aquino family.

What is Hacienda Luisita and Who Owns It

Hacienda Luisita is a sugar plantation located in the province of Tarlac, Philippines, that was bought by the Cojuangco family from the Compañía General de Tabacos de Filipinas.

The hacienda spans various municipalities in the province, including the capital Tarlac City. The estate’s incorporators, who control 70 percent of Hacienda Luisita’s stock shares, are Pedro Cojuangco, the children of Josephine C. Reyes, Teresita C. Lopa’s heirs, José Cojuangco, Jr., and María Paz C. Teopaco, all siblings of the late former President Corazón C. Aquino who, on the day she became President of the Philippines, bequeathed her shares to her children and the Daughters of Charity and other non-profit organizations for fear that it would be used as political propaganda.

The remaining 30 percent of the stock shares was given to farm workers under the Comprehensive Agrarian Reform Program’s stock distribution option scheme.

The estate at 6,453-hectares is as large as Makati and Pasig combined. It features Luisita Golf and Country Club, a world class golf course and Las Haciendas de Luisita Subdivision, a 5-interconnected luxury subdivision.

BIR’s Record

Teodoro Pancho said the record shows Hacienda Lusisita’s last payment was dated April 2, 1985, the last full year of former President Ferdinand Marcos. The record shows the company paid ₱327,879,250 for its 1984 total tax. No recorded payment has been made after the date when Cory became president.

This means according to Panco that Hacienda Lusita has not paid since 1985, as the last payment on 1985 was for the 1984 tax year.

The BIR computation including penalties said that the controversial real estate owned by the Cojuangco-Aquino clan is liable for ₱14.7-B in unpaid taxes.

Pancho said talks between BIR and the company owners, including former President Benigno Aquino III, are ongoing process, but the BIR official said that pres. Duterte already said he will not enter into any deal that will result to any government loss. /Joy Valle

source

Comments

comments

Comments are closed.