Senator probes Marcos family’s P204B unpaid estate tax.

Senator Probes Marcos Family’s P204B Unpaid Estate Tax

The Marcos family has been in the news again, this time for their alleged failure to pay P204 billion in estate taxes. The issue has caught the attention of Senator Franklin Drilon, who has called for an investigation into the matter.

The Marcos family has been embroiled in controversy for decades, with allegations of corruption and human rights abuses during the regime of former President Ferdinand Marcos. The family has also been accused of amassing a vast fortune through ill-gotten means, including embezzlement of public funds.

The issue of the unpaid estate tax stems from the death of former First Lady Imelda Marcos’ husband, Ferdinand Marcos, in 1989. The family reportedly failed to pay the estate tax on his assets, which were estimated to be worth billions of pesos.

The Bureau of Internal Revenue (BIR) has been pursuing the Marcos family for the unpaid taxes for years, but the family has refused to pay, claiming that the assets were acquired legally. The BIR has disputed this claim, arguing that the assets were acquired through corruption and should be subject to estate tax.

Senator Drilon has called for an investigation into the matter, saying that the Marcos family should be held accountable for their alleged failure to pay the taxes. He has also called for the BIR to be given more resources to pursue tax evaders, including the Marcos family.

The issue of the Marcos family’s unpaid estate tax is just one of many controversies surrounding the family. The family has also been accused of hiding assets in offshore accounts and of using their political power to evade prosecution for their alleged crimes.

The Marcos family has denied the allegations against them, saying that they are the victims of a political witch hunt. However, many Filipinos remain skeptical of the family’s claims, and the issue of the unpaid estate tax is likely to continue to be a source of controversy for years to come.

In conclusion, the issue of the Marcos family’s unpaid estate tax is a reminder of the family’s controversial legacy in Philippine politics. Senator Drilon’s call for an investigation into the matter is a step in the right direction, but it remains to be seen whether the family will be held accountable for their alleged crimes. Regardless of the outcome, the issue is likely to continue to be a source of controversy and debate in the Philippines for years to come.