Media giant ABS-CBN maintained Tuesday it"did not violate the law" and has no outstanding tax liability as it faces a petition before the Supreme Court to nullify its legislative franchise.“ABS-CBN has no tax liability with the Bureau of Internal Revenue . In fact, the BIR issued a Tax Clearance Certificate to ABS-CBN in 2019,” the statement read.
In 2019, the Court of Tax Appeals approved a settlement deal between ABS-CBN and BIR, which saw the broadcasting network shelling out ₱152.44 million, which is equivalent to 40 percent of its assessed deficiency in income tax, value-added tax, and documentary stamp tax payments.READ:The statement also cited that ABS-CBN has paid a total of ₱70.5 billion in taxes to the government in a span of 17 years.
“We remain grateful to for the opportunity to make a meaningful contribution to the nation, whether through the services we offer to the people or by paying our taxes to the government,” said the statement.that seeks to invalidate its franchise, which will expire on March 20. Solicitor General Jose Calida filed the petition before the Supreme Court Monday, saying the network has violated rules set by Congress when it approved the franchise in 1995.
Calida further said that the “highly abusive practices of ABS-CBN” went unnoticed for years and that he wanted to put an end to it.even if its franchise expires, as there are already pending bills to renew the media company’s license.
gergcahiles Mawawala daw kasi ang patron ng pulis - si Cardo! YesToABSCBNShutDown
gergcahiles taxes is not the issue, ang mangmang nman nitong cnn magbalita. lol
Defense Press Corps: We stand by our ABS-CBN colleagues who are among the truth tellers feared by the powerful corrupt and abusive NoToABSCBNShutDown
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Dingdong Dantes stands with ABS-CBN amid franchise challengeThanks for the support dingdong! Nagbubuhat ng sariling bangko tong ABS CBN😂🤦♂️ desperate Dati pa naman may paninindigan n tong si Dindong Dantes eh. Buti pa sya.
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Cayetano tells ABS-CBN amid its franchise woes: ‘Do some soul-searching’Speaker Alan Peter Cayetano broke his silence Tuesday on the on-going controversy involving the legislative franchise of broadcast giant ABS-CBN Corporation, saying the network must now “do some soul-searching to reflect on how we have all reached this point.” Dude, ikaw ba may kaluluwa? Nagkukunwari ka pa dyan, ibalik mo pera ng bayan. 50M Cauldron. Simulan na ang imbestigasyon. I-audit ka na. Kunwari ka pa Cayetano! Lagi ka nga guest ng shows nila.🙄🙄🙄 Please do some soul searching too. Look at the mirror and ask yourself “Do I still have soul?”. It will answer back, sorry you can not do soul searching... you have no more soul.
Source: manilabulletin - 🏆 25. / 51 Read more »
Solons press House to hear ABS-CBN franchise bills amid quo warranto filingLabanKapamilya notoabscnbshutdown YesToABSCBNFranchiseRenewal asan na yang si Calida na yan! walang awa 11,000 employees ang posibleng mawalan ng trabaho at sambayang pilipino aalisan ny ng isang bagay na nakakapag pasaya sa kanila, ur a selfish dirty olf freakin man bagay sa kanya itsura ny DUTAE idolizing communists STATE CONTROL MEDIA style thats why he wants to shutdown those who believes in FREEDOM OF PRESS
Source: ABSCBNNews - 🏆 5. / 83 Read more »
Lawmakers say confident of votes to renew ABS-CBN franchiseMembers of the Senate and the House of Representatives called on their colleagues to begin discussions to renew the franchise of ABS-CBN, with some seeing Solicitor General Jose Calida's petition before the Supreme Court as trampling upon Congress' authority on franchises. Press freedom, with all the media's misgivings, is a sacred protector of democracy in the Philippines. Calida is just... Calida. Country above all else 🇵🇭🇵🇭🇵🇭🇵🇭🇵🇭
Source: CNN Philippines - 🏆 13. / 63 Read more »
LOOK: Protest vs Calida's quo warranto against ABS-CBNThere is Press freedom in PH. But theres a corrupt news media network like ABS CBN who profited from corruption and owes the govt Biliions of back taxes, Its not the govnt fault its the corrupt execs and shareholders . nilangaw? MAY PAMBAYAD NAMAN, AYAW PA KASE MAGBAYAD... dami pa kaekekan
Source: ABSCBNNews - 🏆 5. / 83 Read more »
EXPLAINER: Legal points in Calida's quo warranto vs ABS-CBNIs the Supreme Court the proper venue? What does this mean for PDRs? And what is the effect on House deliberations? Quo waranto or Power tripping,Both sounds the same today Tnx, Rappler 👍🏼 ‘didn’t see much of articles as 👍🏼as this when it was u guys who were on the hot seat, aside fr those coming fr u as a response/explainer. backtracking to CJ Sereno after SC voted, the legislators did not raise the issue of “right forum” anymore...(can’t recall) YesToABSCBNShutDown
Source: rapplerdotcom - 🏆 4. / 86 Read more »