Duterte vows to block ABS-CBN's comeback unless Lopezes pay taxes

Duterte vows to block ABS-CBN's comeback unless Lopezes pay taxes

 


Not so fast!!!

President Rodrigo Roa Duterte made it clear that the Lopez-owned and controlled ABS-CBN Broadcasting Corporation will never operate under his watch except when the Lopez family has settled all it tax liabilities in favor of the Philippine government.

This announcement was done by the President during his nightly address of the nation.

(photo credit to owner)


“Congress is planning to restore the franchise of the Lopezes, wala akong problema doon, kung i-restore ninyo, but if you say they can operate, I will not allow it,” Duterte said during his weekly public address. “I will not allow the NTC to grant them the permit to operate. I will not give them the license to operate. Kalokohan ‘yan,”

The announcement came despite Bureau of Internal Revenue (BIR) has already made a pronouncement before that ABS-CBN has no liability.

President Duterte could be referring to ABS-CBN P1.6 billion loans in 2006 from the government’s Development Bank of the Philippines(DBP). The bank has denied accusations it had written off the loans.

“In the case of the NPLs and NPAs of the Lopez’ entities, there was no condonation or write-off,” DBP president and chief executive officer Emmanuel Herbosa had said.

Duterte said that granting the Lopezes a franchise is “like giving them a prize for committing criminal acts.”

Two lawmakers namely Senate President Vicente Sotto III and representative Vilma Santos-Recto, both were active movie actors and very much part of Philippine entertainment industry filed separate bill seeling for the granting of new franchise for the Lopez owned and controlled network.

 

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Report from News-5

 

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