‘Scandalous’: ‘Why do we pay Shell–Chevron’s P146.8-B income taxes in Malampaya?’ – Bayan Muna

Features Philippines May 25, 2018 at 3:28 pm

malampaya_projectBy MARYA SALAMAT

MANILA – Amid the rapidly rising expenses of ordinary Filipinos, some of which are blamed on more taxes under the TRAIN law, Bayan Muna is questioning the de-facto tax holidays or write-offs being enjoyed by giant companies. These are hundreds of billions of money that the government has not been collecting for a long time now from giant corporations such as Shell and Chevron, Rep. Zarate said in a statement.

Bayan Muna Rep. Carlos Isagani Zarate praised the Commission on Audit (COA) for “standing on its position as guardian of public funds” and advocating to collect the P146.8 billion tax underpayments from the operations of the Malampaya Deep Water Gas-to-Power facility.

So far, data showed the Philippine government has not yet collected the appropriate amount of taxes from the consortium, as computed by the COA.

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