Businessman facing P5.5 Billion tax evasion case

[psyche54]

---

Usahay harassment ra man sad jud ang kaso.. in other words wala juy kaso, nag-file file lang arun maka dawat limpyo. pilde tingale sa kaso kay claro ra kaayo nga binuang lang... mao jud ni ang problema sa BIR para sa mga businessman. kung gusto man gali mobayad og tarong nga tax, pangitaan jud og paagi nga motaas kaayo ang assessment inya dili na kaginansya ang negosyante arun mobayad dayun under the table, in other words, pirmi lang galaway ang mga BIR sa profits, ganahan sad sila og "share share".. ang lugi lang ang gobyerno. Maayo unta kung daghan na nga BIR personnel ang na-filan og kaso, pero ang nahitabo ang negosyante ang gi-una og persecute. Unsa may utok aning gobyerno oi.. wurag wa jud logic dili kasabot nga kung walay mo-extort, walay mo-evade. It's extortion not evasion in most cases!

Completely agree! Maayo kaayo ang BIR ani...

Hulgaon ka ug una, then afterwards, you will be receiving counter offers from mercenaries to tweak those so-called shortcomings...

[peewee_toot]

i hope daghan pa ang makasuhan oi...

[cebulifer]

Huna-hunaa sad nga mga bogo siguro kaayo ang mga opisyales nga ga-calculate ani.

8 Billion - 4 billion = P4 billion income, inya ang TAX P5.5 Billion? Wala sila nabuang? So dili nalang makaginansya ang businessman, labaw pa malugi pa og P1 Billion sa iyahang investment. Kinsa may gusto mo-invest diri sa Pilipinas kung ingon ani ilang paagi...

Grabeh naman sad ni ang BIR wurag walay basic arithmetic. Mas maayo pa siguro kung bata sa Elementary ang mo-trabaho sa BIR kay mas bright pa.

basin ang P5.5B apil na ang penalties.

pero... dapat apilon gyud ang BIR Personnel. labi na tong mga mercenaries na nakig negotiate for lower taxes unya ilaha ang difference. tsk tsk tsk! run after them! but then again... ang mga raiders... kauban ra man pud... tabla ra sa wala na!!!

[peewee_toot]

^^agree ko ana sir. mahulog mn cgro na sila as accessory sa crime... not sure...

[etzina]

weee more money for our corrupt officials!!!

[darkwing]

it is not just the land sale

Business - BIR accuses businessman of cheating gov’t of P5.5B - INQUIRER.net

The Bureau of Internal Revenue is accusing a businessman of defrauding the government of P5.5 billion by underdeclaring his income and wrongfully classifying land sales in 2007 and 2008.

It is the “biggest” tax evasion case filed by the BIR under the Aquino administration.

The BIR filed the complaint Thursday with the Department of Justice against Macario Lim Gaw, owner of Mega Packing Corp.

Gaw is the fifth taxpayer charged by the agency under its Run After Tax Evaders (RATE) program, part of the campaign of the Aquino administration to go after tax evaders and smugglers in an effort to shore up government finances.

Finance Secretary Cesar Purisima said the amount involving Gaw’s alleged unpaid taxes was the biggest ever under the RATE program.

Purisima said the businessman, whose listed principal address is in a posh Quezon City subdivision, managed to skirt laws on paying taxes by using three tax identification numbers.

The BIR said Gaw evaded payment of the correct income tax in 2007 and 2008, and willfully failed to supply accurate information in his income tax return and to pay the value-added tax (VAT) in 2008.

Gaw also supposedly purchased 10 lots in 2007 and 2008 in the aggregate amount of P4.11 billion and sold them for P8.41 billion eight months later.

The BIR said Gaw “deliberately misclassified” the sale of the 10 lots as a sale of “capital assets” when these were undoubtedly sales of ordinary assets.

“He declared these as capital asset when it should be ordinary asset because he bought land to sell,” said BIR Commissioner Kim Henares.

By doing so, Gaw supposedly paid only 6-percent capital gains tax amounting to P9.1 million in 2007 and P418.7 million in 2008 to avoid paying the 32-percent income tax and 12-percent VAT due from sales of lands classified as ordinary assets.

Gaw is the president of Mega Packaging Corp., which employs about 350 people, including office workers, according to its website.

Located at Canlubang Industrial Estate in Calamba, Laguna, the Mega Packaging plant occupies 2.5 hectares.

Mega Packaging produces industrial packaging products and reusable containers, molded appliance parts for air conditioners, refrigerators and water coolers, and products for aquaculture industry such as floats and ice boxes.

[wikki]

extortion mana, grabi kaayo ang cebu karon ana, sigi rana sila pangita sayup sa record aron naay ma file na case nimo. hala kikik gyud.

[BIGMAN]

This is a good news. Hopefully, PNoy is serious in pursuing those tax evaders out there. I know there are many. It's good to know if BIR can send them behind bars.

[estor_boot]

Huna-hunaa sad nga mga bogo siguro kaayo ang mga opisyales nga ga-calculate ani.

8 Billion - 4 billion = P4 billion income, inya ang TAX P5.5 Billion? Wala sila nabuang? So dili nalang makaginansya ang businessman, labaw pa malugi pa og P1 Billion sa iyahang investment. Kinsa may gusto mo-invest diri sa Pilipinas kung ingon ani ilang paagi...

Grabeh naman sad ni ang BIR wurag walay basic arithmetic. Mas maayo pa siguro kung bata sa Elementary ang mo-trabaho sa BIR kay mas bright pa.

brayta nimo brad. ako matulog ra man gud sa taxation nako sa una.

[peewee_toot]

weee more money for our corrupt officials!!!

mao ni ang naka bati. ky instead mapunta sa mga tao ang kwarta, sa bulsa sa mga kurakot mn mapunta nuon...