Tag: Mighty Corporation

BIR collects P4 billion more in monthly taxes from Mighty Corp. since JTI takeover in 2017

(Eagle News) –The Bureau of Internal Revenue (BIR) has reported it has collected roughly P4 billion more in monthly excise taxes from Mighty Corporation during the September-December 2017 period. BIR Commissioner Caesar Dulay said the P20.22 billion–collected since Japan Tobacco Inc.  (JTI) fully took over Mighty Corp.’s operations—represents a 262 percent increase from the P5.57 billion collected for the same period in 2016. “What stands out there is the Mighty-JTI improvement in collections…,” Dulay said. […]

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Malacanang welcomes P40-billion tax settlement of Mighty Corp; funds to go to infra projects

  (Eagle News) — The country’s second largest cigarette manufacturer has entered into a P40-billion compromise settlement with the Philippine government for its multi-billion peso tax liability, the payment of which will go to the infrastructure program of President Rodrigo Duterte’s administration. Malacanang on Saturday welcomed the P40 billion settlement of Mighty Corporation which had earlier made an initial payment of P3.44 billion to the Bureau of Internal Revenue. Presidential spokesperson Ernesto Abella, in a […]

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Aguirre: Gov’t “P40 billion richer” after Mighty Corp.’s payment of tax liabilities, penalties

Justice Secretary Vitaliano Aguirre said on Friday that the government was “P40 billion richer” after Mighty Corp. finally paid its tax liabilities and penalties. Aguirre disclosed this after the Department of Justice granted the Bureau of Internal Revenue’s motion to withdraw the tax evasion complaints filed against the country’s number two cigarette manufacturer. “We could consider this case as closed. (The) government of the Philippines is P40 billion richer,” Aguirre told reporters. According to the […]

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Pangulong Duterte, tinangkang suhulan – Malacañang

MANILA, Philippine (Eagle News) — Kinumpirma ng Malacañang na mayroong nagtangkang suhulan si Pangulong Rodrigo Duterte mula sa isang kumpanya ng sigarilyo. Sinabi ni Presidential Spokesman Ernesto Abella, na mismong si Pangulong Duterte ang nagkuwento sa pinakahuling Cabinet Meeting sa Malacañang. Hindi naman tinukoy ni Abella kung ang nagtangkang manuhol sa Pangulo sa pamamagitan ng mga mambabatas mula sa Mindanao ay ang Mighty Corporation na nasangkot sa umanoy paggamit ng pekeng tax stamp. Ayon kay […]

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