Malacañang welcomes Mighty Corp’s P40-B tax settlement

Malacañang welcomes Mighty Corp’s P40-B tax settlement

- in Economy, News

MANILA, October 7, 2017 — Malacañang today welcomed the P40-billion settlement of Mighty Corporation with the government, which it said will fund the Duterte administration’s infrastructure programs.

“Mighty Corporation, the country’s number two cigarette manufacturer, has entered into a P40-billion compromise settlement with the government regarding its tax liability,” Presidential spokesperson Ernesto Abella said in a statement aired over Radio Pilipinas.

Abella said the tax settlement is “the largest in Philippine history” and will go a long way in funding the Duterte administration’s infrastructure program.

He also said  the Duterte administration will be relentless in its campaign against corruption and delinquent taxpayers, “haling violators to court, if necessary.”

“As citizens cooperate, we build a comfortable life for all. Strong political will to benefit all, and not just a few, should be the trademark of the entire government,” Abella said.

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