Benguet caretaker and ACT-CIS Representative Eric Yap said ABS-CBN has “perfected” a scheme to avoid paying taxes in the Philippines.
Yap made the remark during the House hearing on the ABS-CBN franchise.
“Luxembourg, Hungary and Cayman Islands are intriguing choices for ABS-CBN to establish distribution companies. Coincidence ba na ang mga bansang ito din ay kilala na mga tax haven sa buong mundo?” he asked.
“I-google mo ang mga pangalan nila, ang kasunod na words na lalabas: tax haven. May mali dito, hindi patas at talagang kawawa ang Pilipinas,”, Yap added.
He called the media giant a “tax avoider.”
Lets call spade a spade, this is tax avoidance. ABS-CBN is tax avoider”, Yap said.