Isko Moreno: P203 billion in estate taxes owed can feed 59 million Filipinos

[snoop1130]

Manila City Mayor Isko Moreno formally launches his campaign for the presidency on September 22, 2021.

Manila Public Information Office / released

 

MANILA, Philippines — Aksyon Demokratiko standard-bearer Isko Moreno said that the P203-billion estate tax owed by the Marcos family could feed rice to 59.7 million Filipinos daily for a year if the Bureau of Internal Revenue would be able to collect it. 

 

The Manila City mayor made the statement when asked for his reaction on videos of Ferdinand Marcos Jr. — whose father was ousted and passed away in 1989 — walked away from reporters when their non-payment of the P203 billion estate tax was brought up.

 

To date, the Marcos family has not paid its estate tax despite a 1997 Supreme Court court decision ordering the Marcoses to pay a tax liability of P23.29 billion. Retired Supreme Court Justice Antonio Carpio said that penalties in the decades that Marcos heirs failed to pay the debt have seen the amount balloon to P203 billion. 

 

Full Story: https://www.philstar.com/headlines/2022/03/24/2169588/isko-moreno-p203-billion-estate-taxes-owed-can-feed-59-million-filipinos

 

-- © Copyright Philstar 2022-03-24

[bangon04]

The Philippines gets the government it deserves...... unfortunately... and will again soon.