The only totally Filipino-owned cigarette manufacturer in the country has again and consistently answers accusations of unfair business practice. Mighty Corporation firmly denies that they got away last year with a P5-billion tax evasion allegation.
In full-page paid ads, Mighty Corp. emphasized that they have not engaged in any form of smuggling and tax evasion and noted that they have already remitted to the government some P8 billion in excise tax in 2013.
This is the reaction of the Bulacan-based tobacco producer after Finance Secretary Cesar Purisima ordered an investigation of the company for manifest smuggling and massive tax evasion, addressing his memo to both the Bureau of Customs (BOC) and the Bureau of Internal Revenue (BIR).
In another statement, Mighty Copr. Executive Vice president Oscar Barrientos underplay all allegations of wrongdoings that his company was accused of practicing and said that these things could be a part of a smear campaign.
Barrientos is calling for vigilance amid calls to review Republic Act 10351, the law which reformed the excise tax system.
“There may be a bigger agenda behind the anti-Mighty smear campaign. Reforms in the excise tax system have obviously dealt a heavy blow to PMFTC,” he said.
Mighty Corp is a small company owned by the Wongchuking family was established in the 1940s. It was the producer of La Campanilla, Magkaibigan, Campana Ringing Bell and other local brands which are totally and truly Filipino. The company feels that providing the Filipino consumers an option of lower priced but quality products is sort of giving back to their customers through the years.