BIR Expect to Collect P27.3-Billion Tax Obligation from Hacienda Luisita


The Bureau of Internal Revenue (BIR) expected to collect at least P27.3 billion this year from the Coquangco-Aquino clan's Hacienda Luisita for allegedly not paying its taxes since the year 1986, the same year former Pres. Aquino Cory Aquino took over the Malacañang palace.



The statement of BIR came out after the Philippine Airlines paid their P6-Billion tax liabilities from the Republic of the Philippines which took Pres. Duterte as the only President who dared to issue an ultimatum againsts PAL.

Pres. Rody Duterte's administration aims to collect more than P100 billion of unpaid taxes from big corporations that left unpaid for more than three decades according to BIR Officer Teodoro Pancho.

According to Eric Clark Su, the first person on social media to broke out the news about the possible collections of BIR from Hacienda Luisita of their tax obligations also revealed that the 6,000-plus Hectare plantation is owned by the Cojuanco-Aquino family.

Here's the Complete Report from Eric Clark Su:

PHILIPPINE AIRLINES JUST PAID P6BILLION, GUESS WHO IS PAYING TRIPLE THAT AMOUNT NEXT?

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 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.

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.

Source: Eric Clark Su FB Page


BIR Expect to Collect P27.3-Billion Tax Obligation from Hacienda Luisita BIR Expect to Collect P27.3-Billion Tax Obligation from Hacienda Luisita Reviewed by Phil Newsome on 11/07/2017 Rating: 5

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