The Department of Finance (DoF) reiterated on Monday that the government would not settle with cigarette maker Mighty Corp. over its P9.56-billion tax-evasion case. “Any settlement is now out of the question until the courts say so,” Finance Secretary Carlos Dominguez 3rd said in a statement. Dominguez said the BOC operation, conducted in Barangay Matimbubong in San Ildefonso, Bulacan, would strengthen the case against Mighty Corp. The seized cigarette packs from the March 24 raid in Bulacan were assessed to have P2.4 billion in unpaid taxes. Dominguez said frequent inspections done by the BOC and BIR on warehouses suspected to be storing cigarettes with counterfeit tax stamps were necessary to expose and sue tax dodgers.

Source: Manila Times March 27, 2017 17:03 UTC