Mayor Isko eyes P203-B Marcos estate tax debts to aid COVID-affected families

By: Doris C. Bongcac March 01,2022 - 04:49 PM
(File photo) Manila City Mayor Francisco “Isko Moreno” Domagoso speaking during his third state of the city address.

Manila City Mayor Francisco “Isko Moreno” Domagoso | File photo

MANDAUE CITY, Cebu – Aksyon Demokratiko standard bearer Isko Moreno Domagoso on Monday, February 28, 2022, vowed to run after the estimated P200 billion in estate tax debts incurred by the Marcos family and utilize this in aiding the millions of Filipinos who were gravely affected by the COVID-19 pandemic.

“Meron akong gagawing ayuda. I’ll make sure that I will implement the decision of the Supreme Court, GR 120880, na may isang pamilya na pinagbabayad ng estate tax. As we speak, it’s about P200 billion already,” he told reporters and members of organized labor and transport workers’ groups at the headquarters of the Isko Moreno Domagoso for President in Intramuros, Manila.

“If and if ako’y maging presidente, yung pera na yon na buwis ha, hindi po ito regular na buwis, estate tax, ngayon po P200 billion na ang halaga. E kung ipamigay ko rin na ayuda. Tutal pera niyo naman yon e,” added Moreno.

Although he did not mention any names, Moreno was referring to a June 1997 SC ruling ordering the Marcoses to pay the P23.29 billion in estate tax computed by the Bureau of Internal Revenue from 1982 to 1986.

The Marcoses have contested the BIR’s deficiency assessment, causing the amount to reach P203.8 billion, including penalties that have accumulated in the decades that the Marcos heirs failed to pay the debt.

“Kailangang magbayad sila sa buwis,” Moreno said.

Moreno said he actually planned to mention his promise to run after the P200-billion debt on Sunday, during CNN Philippines’ Presidential Debate, but failed to do so due to the lack of opportunity.


It could be noted that the son and namesake of the late dictator, former senator Ferdinand Marcos Jr., was himself convicted of tax evasion.

Marcos Jr. was convicted in 1995 because of his failure to file mandatory income tax returns and pay income tax from 1982 to 1985. His tax evasion conviction and his family’s huge debt were cited in the petitions to cancel his certificate of candidacy for president.

On Nov. 9, 2018, the Sandiganbayan’s anti-graft court also convicted Imelda Marcos, widow Ferdinand Marcos Sr., of seven counts of graft for creating private foundations in Switzerland when she was a government official that allowed her family to funnel illegally amassed government funds during the martial law period.

The former first lady — and, at the time, a district representative of Ilocos Norte — was sentenced to imprisonment of six years and one month to 11 years for each count of graft, which is equivalent to a minimum of 42 years in prison. The case is now on appeal and the Marcos matriarch has not spent a night in jail.


Meanwhile, Moreno vowed to implement the law fairly and equally to whoever is found guilty.

“There is a decision they should pay, those people should pay, whoever they are. Kung siya ay collectibles na, dapat kolektahin,” he said in an interview that followed.

“Sabi ko nga, there is certainty and predictability in our administration. Sabi ko rin na walang mahirap, walang middle class, walang mayaman. Kung nakakatikim ng kulungan yung aksidenteng makakuha ng anim na kilong mangga, that goes to anybody who will be found guilty of such crime. Yun lang ang importante,” said Moreno.

Promoting equality is one of the priorities spelled out under Moreno’s 10-point Bilis Kilos Economic Agenda which will be his blueprint to accelerate human and economic growth once elected president.

Vote Wisely

In the meantime, the Aksyon Demokratiko presidential candidate urged the people to choose wisely in the upcoming elections lest they vote the wrong candidate into office.

“Wala tayong paghuhusga, karapatan yan ng bawat tao. gusto ko lang maliwanag sa inyong isipan na huwag kayong magkakamali. It doesn’t have to be me. Basta huwag kayong pipili ng lider na ngayon pa lang, hindi niyo na mapagkatiwalaan, hindi niyo na maaasahan, hindi niyo na maliwanagan kung ano ang layunin. Hindi ito pagalingan ng Ingles, hindi ito pagalingan ng salita, hindi ito pamanahan, kundi sino talaga yung pwede nating sandalan,” he said.

“I am no angel. Ako po hindi ako perpekto. Pero sinisiguro ko po sa inyo, hindi ko kayo inagrabyado kahit minsan. At wala akong pami-pamilya na nagkakamkam ng anu-ano. Pero pag hindi tayo ang nanalo at iyon ang nanalo, malamang burado na yung utang na yon. Kayo na ang mag-isip. Ako kasi importante lang na alam niyo,” said Moreno.



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TAGS: Bongbong Marcos, Cebu Daily News, COVID-affected families, Isko Moreno Domagoso, Marcos wealth, May 2022 elections, P203-B Marcos estate tax debts

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