THE Department of Finance (DoF) has welcomed the approval of the Mighty Corp.-Japan Tobacco International (JTI) (Philippines) Inc. buyout deal, reiterating that the government's P30-billion windfall will benefit Marawi City and the military.
"We appreciate PCC's quick action as this will mean that the taxes and penalties due to the government will flow into its coffers as scheduled," Finance Secretary Carlos Dominguez 3rd told reporters in a message late Tuesday.
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