A congressional inquiry awaits the owners of the
media giant ABS-CBN Corporation as regards its connection with the operations
of its digital service firm Big Dipper, but that is if Deputy Speaker and Sagip
Partylist Rep. Rodante Marcoleta gets elected in the Senate.
Marcoleta is one of the major players in the
franchise renewal of the Lopez owned and controlled ABS-CBN Corp. He vows to
continue the network and its sister company, Big Dipper, for possible tax fraud.
For lack of time for him to have Big Dipper investigated by the Lower House,
the House official said a Senate probe will be among his priorities if he
“succeeds in his senate’s quest.” Marcoleta has been included in the Senate
slate of the Duterte-backed PDP-Laban Cusi wing and is expected to get huge
support from the Iglesia Ni Cristo of which he is a member.
(photo credit to owner)
Interviewed by the
INC-owned Net 25 broadcast network, Marcoleta chided the Bureau of Internal
Revenue (BIR) for “suspiciously” failing to get into the bottom of the possible
involvement in tax fraud of ABS-CBN and Big Dipper.
He accused the BIR of
not ‘lifting a finger despite the magnitude of tax fraud perpetrated” allegedly
by the two companies.
He said this has been
done through “corporate lawyering and abusive pricing, estimated at P713
million for year 2017 alone.”
“Big Dipper, a
wholly-owned company of ABS-CBN only provides digitization and repurposing of
services so that the contents of ABS-CBN can be sold to different platforms
like Netflix, iTunes, Amazon etc.. It has only one district client – ABS-CBN
and its other companies – and in 2017 its total revenues stood at P2.68
billion,” he explained.
The lawmaker was
referring to the payments made by ABS-CBN Hungary at P1.37billion, ABS-CBN,
P838 million and the other sister companies P469 million.
According to Marcoleta
in 2017, ABS-CBN reported losses in operations which happened only because it
allegedly “deliberately paid Bid Dipper P838 million for services that could costed
it some P96 million only, if the same were done in-house like what GMA-7
usually does with its programs.”
“What kind of business
person would pay a service provider P838 million when it can do the same thing
in-house for only P96 million?” he asked.
Marcoleta said: “But
the apparent P742 million excess payment to Big Dipper would have been subject
to the 30 percent income tax rate for ABS-CBN.”
The veteran lawmaker
claimed that the same scheme was adopted by ABS-CBN Hungary (ABS-H) which paid
P1.37 billion to Big Dipper for similar services that could have “costed P150
million to P204 million only.”
“And why did ABS-CBN,
its subsidiaries and other companies, religiously pay Big Dipper exorbitant
amount for uneven value of services that could be acquired in-house for much
lower cost?” asked Marcoleta.
Answering his own
question, the partylist solon said: “Because Big Dipper is strangely registered
with PEZA and as such, is only taxed 5% gross, that’s why.”
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