Govt hit for attempt to waive P146B in tax dues of oil companies from Malampaya earnings

THE Duterte administration has fed the greed of oil companies in their attempt to evade payment of P146.8 billion in tax dues for their participation in the Malampaya Deep Water Gas-to-Power consortium project in Palawan, the Makabayan bloc said on Thursday.

“These corporations already profited from the use of our natural resources. Why is the government giving in to the whims, caprices and profit greed of these big corporations while bleeding dry our people of more tax burden as a result of the Train law and other similar impositions," Rep. Carlos Isagani Zarate said in a news conference on Thursday, referring to the Tax Reform for Acceleration for Inclusion law which increased taxes on fuel and sugar sweetened beverages.