Duterte Gov’t To Use Mighty’s P40 Billion Tax Settlement For Build, Build, Build Program

Malacañang on Saturday, October 7, welcomed the P40 billion tax settlement of cigarette producer Mighty Corporation with the government, which is expected to fund the Duterte administration’s Build, Build, Build program.

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

The Palace official also stressed that 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.

Source: Philippine News Agency