The latest Tax Watch release of the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) evaluated the Forbes’ top grossing individuals in the Philippines if they are also among the top taxpayers of 2012.

According to the Tax Watch ad, the accumulated income tax returns (ITR) of the richest tycoon and owner of the SM empire Henry Sy and his family totaled to P93.8 million in 2012.

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