Latest News

Marcos camp: PHP203B estate tax issue is ‘all about politics’

The camp of presidential candidate Bongbong Marcos said that the claim on the unpaid P203 billion worth of estate taxes is all about politics.

“Our rivals are misdirecting everyone by claiming that the case has attained finality when the truth of the matter is, it is still pending in court and the ownership of the properties in litigation has yet to be settled,” lawyer Vic Rodriguez said in a statement.

“It’s not a coincidence that rivals of presidential front-runner Bongbong Marcos are raising this matter in unison a few weeks before the elections; sadly, this is all about politics,” he added.

Rodriguez said that the amount of tax can’t be determined yet because the case is under litigation.

However, the Presidential Commission on Good Governance said that “as early as 1997, the judgment on the tax case had become final and executory.”

This was echoed by Retired Supreme Court Associate Justice Antonio Carpio. He said, “It is clear as day, beyond any shadow of doubt, that the estate tax liability of the Marcos estate in principal amount of P23 billion had long become final, executory, unappealable as of 1997 when the Supreme Court denied the motion for reconsideration of Marcos Jr.”

Staff Report

The Filipino Times is the chronicler of stories for, of and by Filipinos all over the world, reaching more than 236 countries in readership. Any interesting story to share? Email us at [email protected]

Related Articles

Back to top button