Mighty should pay more than P25B – lawmaker - News Summed Up

Mighty should pay more than P25B – lawmaker


But Salceda added that Mighty should pay more than P25 billion because it also has liability in terms of health risks. “In other words, cheaper cigarettes post greater health risk to the nation than higher-pricing risks. I mean, it is quite obvious because they cater to an income class that has no means in order to adapt to the health risks that are posed by cigarettes. Salceda said Mighty’s health risk liability can be computed in terms of smoking prevalence in the country which now stands at 23 percent. Last week, the Department of Finance stated that the government will still pursue the tax evasion case against Mighty.


Source: Manila Times March 16, 2017 17:26 UTC



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