Duterte asked the government to confiscate Marcos’ bank account

Presidential Museum and Library

By Kyle Aristophier T. EtienneFor, Reporter

The late dictator Ferdinand e. Marcos has asked the finance department to confiscate the bank accounts of estate administrators and beneficiaries.

Finance Secretary Carlos G. Dominguez III and Internal Revenue Commissioner Caesar R. In a letter to Dulek, the Akbayan party-list, founded by the victims of the late powerful man’s military rule, said the seizure of Marcos’ bank account would help the government raise money. Unpaid estate tax, which has risen to P204 billion due to interest and other penalties.

“By sorting out bank accounts, the Republic of the Philippines could immediately get Marcos’ P204-billion unpaid estate tax loan, which could go a long way during this epidemic,” it says.

Akbayan said demand papers issued by the Internal Revenue Bureau in the past show that the tax assessment has become final and effective.

“Obviously, the above individuals are criminal taxpayers, and it is the government’s responsibility to collect the total arrears immediately,” he said, referring to close family members of the late dictator – his wife Imelda, son Ferdinand “Bambang” and daughter Imelda. “Imee” and Irene – and the estate administrators.

“We are appealing to the finance department and To send a BIR notice Go to all the banks in the Philippines to garnish and recover the outstanding funds of the Filipino people, ”he added.

Marcos, Jr.’s lawyer, Victor D. Rodriguez did not immediately respond to a request for comment.

Akbayan said the law does not prevent the tax authorities from seizing the Marcos family’s bank accounts. “We are also aware that no temporary bans or sanctions can be imposed against BIR.”

“Upon receipt of the warrant, the bank will return to the BIR commissioner so many bank accounts as may be sufficient to satisfy the government’s demand,” Akbayan was quoted as saying, citing the country’s tax law.

Michael Henry L.L. Yusingo, a lawyer and research fellow at the Atenio de Manila University Policy Center, said the BIR must explain to Congress why it failed to collect the tax.

“False officials must be punished,” he said in a Facebook Messenger chat, setting a “bad precedent” and encouraging tax evaders.

Political analysts and historians have condemned a so-called attempt to correct the country’s history by keeping the late dictator in good light.

Marcos, the junior president, is leading the way in opinion polls. Her sister, Emmy, was a senator when their mother, Emelda, was a congresswoman who had represented their hometown in Ilocos Norte most of the time since returning to the Philippines three decades ago.

Her son Sandro wants to represent Ilocos Norte in Congress, a position his grandmother has held for more than 20 years.

“No matter who is in the administration after the election, the Marcos estate tax has been collected and civil society should not have to make sure that the exact history of the Marcos dictatorship, including the period of martial law, is written in our textbooks.” Yusinko said. “We cannot rely on our political class alone to achieve this goal.”

Former Supreme Court Justice Antonio T. Legal experts, including Carpio, worry that the government will never be able to recover the dictator’s ill-gotten wealth if his son becomes president.

Former Presidential Commission on Good Government (PCGG) Commissioner Ruben Caranza has previously said that President Rodrigo R. Duterte should do more than ask the country’s tax authorities why taxes have remained unpaid for decades.

Mr Carranza, now a senior expert at the International Center for Transitional Justice, was involved in a Supreme Court case involving the Marcos couple’s সু 678-million Swiss deposit.

He had previously said that the son of the late powerful man was aware of his family’s stolen property because he had been a chief administrator of the Marcos Estate since his father died in exile in the United States in 1989.

Mr Marcos was 40 years old when the PCGG – created in the 1980s to recover the wealth his father and friends had acquired – was discovered in 1998 by his late father at Merrill Lynch Securities. New York in 1972 under the Panamanian corporation Arelma SA

Mr Carranza said the boy had answered questions about the contents of the Swiss bank account during court proceedings.

The dictator stole about 10 10 billion (P522 billion) from the Filipino population, earning him, according to official estimates. Guinness World Records “For the biggest robbery of the government.”

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