Solon: Goverment lost P1 billion in taxes from rice importation By Charlie V. Manalo 02/15/2012

Solon: Goverment lost P1 billion in taxes from rice importation

By Charlie V. Manalo 02/15/2012

Zambales Rep. Ma. Milagros “Mitos” Magsaysay lashed out anew at the “daang matuwid” concept of governance of the Aquino administration, saying unchecked corruption going on at the Bureau of Customs (BoC) is the complete antithesis of President Aquino’s anti-graft drive.

At a hearing of the House ways and means committee, Magsaysay bared the government lost P1 billion in taxes from riace importation from Pakistan and Vietnam to the tune of 186,000 metric tons or 3,600,000 sacks of rice due to undervaluation..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/metro/20120215met2.html