Pnp, Nbi Go After Ligots (Typo About Taxes?)

[FlyAway]

Anyone think there is a typo in this article about their tax liability? http://newsinfo.inqu...go-after-ligots

According to an investigation by the Bureau of Internal Revenue (BIR), the couple failed to declare P164.3 million that they made in 2003, making them liable for P153.3 million in taxes.

That would put them in a 93% tax bracket?

On March 10, the BIR filed a complaint before the justice department accusing the Ligots of owing the government P428.07 million in unpaid taxes from 2001 to 2004, with Ligot having a tax deficiency of P290.24 million and Erlinda, P137.83 million.

If that is what they owe in taxes....I wonder where all the money the government prosecutors claim taxes are owed came from in the first place?

[Jollygoodfellow]

Anyone think there is a typo in this article about their tax liability? http://newsinfo.inqu...go-after-ligots

According to an investigation by the Bureau of Internal Revenue (BIR), the couple failed to declare P164.3 million that they made in 2003, making them liable for P153.3 million in taxes.

That would put them in a 93% tax bracket?

On March 10, the BIR filed a complaint before the justice department accusing the Ligots of owing the government P428.07 million in unpaid taxes from 2001 to 2004, with Ligot having a tax deficiency of P290.24 million and Erlinda, P137.83 million.

If that is what they owe in taxes....I wonder where all the money the government prosecutors claim taxes are owed came from in the first place?

It says in the news story where their wealth is apparently from. Ligot has been the subject of various investigations since former military budget officer George Rabusa accused him of involvement in a military fund scam. He retired in 2004 with a monthly salary of at least P35,000. On July 14, the Department of Justice (DOJ) approved the filing of a tax evasion case against Ligot, his wife, and his brother-in-law Edgardo Yambao. Based on the DOJ resolution, the Ligots are charged with one count of violation of Article 255 of the National Internal Revenue Code for failure to file a tax return in 2001 and three counts of violation of Article 254 of the same law for an attempt to evade payment of taxes from 2002 to 2004. On March 10, the BIR filed a complaint before the justice department accusing the Ligots of owing the government P428.07 million in unpaid taxes from 2001 to 2004, with Ligot having a tax deficiency of P290.24 million and Erlinda, P137.83 million. The BIR said that while he was still on active duty in the military, Ligot made several deposits and investments of substantial amounts, including deposits of $1.28 million and $1.6 million with Citibank, and bought several properties in the provinces of Bukidnon and Rizal, a condominium unit in Makati City, and a luxury vehicle. It said Erlinda Ligot also made a deposit of $200,000 with Citibank. The couple are facing a separate forfeiture case at Sandiganbayan, which was filed against them in 2005 for allegedly amassing P135.28 million in unexplained wealth. Their children (Paulo, Riza and Miguel), Ligot’s sister Miguela Ligot-Paragas, and Yambao are their codefendants.