Year 2017 when Mighty Corp. got an issue about not paying tax to the government.

It had been said

that mighty Corp.'s Tax liabilities would result into a major economic loss. The unpaid taxes will be used
for buying of medicines and payment for medical care of poor Filipinos who are hardest hit by smoking-
related disease. The issue started when the Bureau of Customs (BOC) made an inspection and later on
revealed a tax evasion scheme which uses of fake excise stamp on cigarettes. The Bureau of Internal
Revenue (BIR) and Bureau of Customs (BOC) held a joint effort to combat tax evasion and have been
confiscated cigarettes amounting to P3.316 B in Pampanga and P2.44 B in Bulacan. According to BIR's
estimation, excise tax liabilities, including fines, resulting from the use of this counterfeit tax stamps on
these cigarettes with a total of P9.564 B in Pampanga and P26.29 B in Bulacan. Later on, additional
confiscated cigarettes around Davao City amounting to P 142.44 M have been also undergo destruction.
BIR's estimation tax liabilities was about 1.39 B including the penalties.

Another issue related to this is when Mighty Corp. settle its tax liabilities with an offer of P25 B and it will
shutdown its operations. According to the Finance Secretary Carlos Dominguez when the value-added
tax from the sale and other expenses are charged, all in all the government will received over P30 billion
in additional revenue from Mighty's tax settlement. He also added that," it would be the largest sum
ever paid by a single corporate entity in the country's history".

P3.316-B seized Mighty cigarettes destroyed in Bulacan (2017) Department of Finance

Retrieved from https://www.dof.gov.ph/p3-316-b-seized-mighty-cigarettes-destroyed-in-bulacan-2/

MIGHTY CORPORATION NOT PAYING TAXES DETRIMENTAL TO THE HEALTH OF THE POOR

Retrieved from https://doh.gov.ph/node/9625