Duterte administration to collect more than P100 Billion worth of taxes from big corps like Hacienda Luisita - The Daily Sentry


Duterte administration to collect more than P100 Billion worth of taxes from big corps like Hacienda Luisita



Previously, news about the P6 Billion worth of payment for the unpaid taxes by the Philippine Airlines (PAL) proliferated. This particular achievement under the governance of President Rodrigo Duterte is more than enough to justify that the administration is working effectively and efficiently towards the betterment of the country and the welfare of the Filipino citizenry.

Bureau of Internal Revenue (BIR) through its officer Teodoro Pancho revealed that the government is bound to collect more than P100 Billion worth of unpaid taxes from huge business corporations and organizations. One of which is the Hacienda Luisita Incorporated.

President Rodrigo Duterte and former President Noynoy Aquino | Google Images
Noynoy Aquino | Photo by Philstar
"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," said Pancho after the Philippine Airline (PAL), settled its ₱6 Billion tax arrears.

"BIR is expected to collect at least ₱27.3 billion this year and the big part of it will be collected from the contr0versial Hacienda Luisita Inc., which has not been paying taxes 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," he also added.

What is Hacienda Luisita and Who Owns it?


Hacienda Luisita Farmers Rally | Photo by GMA Network
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.