Alphaland head could face tax probe

ALPHALAND President Mario Oreta may be held liable for tax evasion for his failure to declare shares he got for closing a land deal between his company and Boy Scouts of the Philippines (BSP) in 2008, the Bureau of Internal Revenue (BIR) said on Thursday.

Speaking at the resumption of the Senate blue ribbon sub-committee hearing on the allegedly irregular transactions entered into by BSP under the leadership of Vice President Jejomar Binay, BIR Commissioner Kim Henares noted that Oreta’s failure to declare or file a return for the shares he got is already fraud.