US businessmen back Duterte crackdown on tax fraud


Posted at Mar 15 2017 12:27 PM

President Rodrigo Duterte (L) and Finance secretary Carlos Dominguez during a conference with businessmen in Davao city, southern Philippines June 21, 2016. Lean Daval Jr., Reuters

MANILA - American businessmen in the Philippines said Wednesday they support President Rodrigo Duterte's campaign against tax fraud, saying this would help level the playing field.

The American Chamber of Commerce in the Philippines cited recent raids on cigarette stockpiles that had fake tax tamps. Recent operations had targeted cheap-cigarette maker Mighty Corp.

Citing the country's "history" of tax avoidance schemes, the group said the fake stamps could be used for smuggling

"AmCham encourages the Philippine government to proceed vigorously to investigate the case against the said manufacturer, as the recent seizures may be the tip of an iceberg of tax evasion going back several years," the group said.

The group said it was questioning "strongly" why a Manila court issued a restraining order against further raids on Mighty Corp's warehouses.