Quantcast
Latest Stories

What Went Before: Probe into Corona’s tax records


Bureau of Internal Revenue Commissioner Kim Jacinto-Henares. FILE PHOTO

In February, Internal Revenue Commissioner Kim Henares told the Senate impeachment court that she had ordered an investigation of the tax records filed by then Chief Justice Renato Corona and his family.

Henares said she authorized the examination of Corona’s tax records from January 1997 to December 2010; wife Cristina’s from January 2001 to December 2010; daughter Carla’s from January 2007 to December 2010; and son-in-law Constantino Castillo III’s from January 1998 to December 2010.

As a prosecution witness, Henares brought with her a so-called “alpha list”  that detailed income and tax withheld records of Corona in accordance with the National Internal Revenue Code.

Henares said that in 2006, Corona’s withholding tax amounted to P109,706.60 on gross compensation of P465,597. By 2010, Corona’s withholding tax amounted to P176,577.32 from gross earnings of P657,755.57.

She said as director of Camp John Hay Development Corp., Cristina’s income ranged from P233,333 in 2006 to P240,000 in 2010, with tax withheld amounting to 10 percent.

Henares produced documents purporting to show multimillion properties that were either acquired or sold by the Corona couple between 2003 and 2011 and indicating discrepancies in declared income and taxes.

She said that in 2009, Corona’s daughter, Carla, had a gross sale of P97,460, a taxable income of P8,476 and a tax due of P423.80. Despite her minimal income, Carla bought an P18-million property in La Vista subdivision in Quezon City from her mother Cristina, Henares said.

9 properties not in SALNs

Henares said Corona’s statements of assets, liabilities and net worth (SALNs) failed to include nine properties he acquired since he became an associate justice.

On March 13, Araceli Bayuga, a budget and disbursement officer of the Supreme Court, testified that Corona received a total of P21,636,781.45 in salaries, allowances and other benefits from 2002 when he joined the tribunal until last year.

Bayuga said the bulk of Corona’s earnings came from allowances and other benefits he received while sitting in the Presidential Electoral Tribunal, including such items as “productivity enhancement benefit, Christmas cash gift, additional Christmas cash gift (and) yearend cash gift.”

On May 29, the impeachment court voted 20-3 to oust Corona for dishonesty in his SALNs, particularly for his failure to declare $2.4 million in deposits and P80.7 million in commingled funds.  Inquirer Research

Source: Inquirer Archives


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: BIR , Corona Impeachment , Government , Judiciary , Politics , Renato Corona , Tax evasion


  • Cal_Reznick

    At this point, except for some political individuals, who really cares anymore?

    I don’t think this directly effects any regular Filipino citizen.

    • http://profile.yahoo.com/NMCOSCCEL42MIWK7Y3HWZHV54I DMS

       I care!!!! for good governance, I care!

      • Cal_Reznick

        Just like this current Administration, your trying to sell your propaganda through misdirection and in your case with exclamation points.

        I care for good governance as well. But don’t use the former CJ or a select chosen few as a target then say that a fight for good governance..

  • ztefertilizerscam5

      I found some interesting report on the dollar movements of the CJ happening on the day or a few days coinciding with some SC rulings: I don’t know if this is just coincidence. You be the judge.

    Sept. 16, 2011 – Estelito Mendoza wrote the 2nd letter to SC asking reconsideration for FASAP case. – Same Date – CJ deposited P1M to BPI.

    Oct 17, 2011 – SC granted Mendoza appeal on FASAP case – 2 days later at BPI, credit memo for CJ in the amount of USD373,634.24.

    Dec. 21, 2009 – SC voted 6-4 to declare 16 questionable municipalities as constitutionl. Same day at BPI, CJ deposited P1M:  1 day after at BPI and PSBank: P8.5M deposit, USD225,937.00 credit memo.

    June 28, 2011 – SC issued resolution to implement ruling on League of Cities. 5 days earlier: P4M deposit at BPI and 2M credit Memo at BPI

    Nov 17, 2011 – Issues TRO in favor of GMA. 2 days after, USD373,634.24 credit memo at BPI

    Sep.13, 2010 – Merciditas gutierrez filed for TRO and was issued next day. Same day, USD700,000.00 deposit to CJ at BPI.

    Just asking if the above are just coincidental events and are not related to each other,.

  • ztefertilizerscam5

     ——————/ ¯/)
    —————–/—-/
    ————— -/—-/
    ———–/´¯/’–’/´¯`•_
    ———-/’/–/—-/—–/¨¯
    ——–(‘(———- ¯~/’–’)
    ———————-’—–/
    ———-”————_-•´
    ———————–(
    ————-———- —–

    YOU CORONA

  • Htee

    Hopefully our new CJ Sereno will look into these “Productivity Enhancement benefits” “christmas Cash Gifts”,”Additional Christmas Cash Gifts”,”Year End Cash Gifts” and what other Cash Gifts there is that the BIR forgot to mention or did not know about. I swear there were more mentioned in the impeachment trial.
    Isn’t it a little more excessive for you justices to receive these while your courthouses are in shambbles???

    IF THE NEW CJ WANTS TO SHOW INSTANT JUDICIAL REFORMS, THIS IS IT.

  • Gerald Abueva

    No need to explain what went before.

    Just go ahead and file the case.  Make sure something comes out of it.



Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement
  1. US teacher fired over comment on black president
  2. Enrile chief aide back in PH ‘to face charges’
  3. Filipinos, Dane re-enact crucifixion of Christ
  4. Magnitude-7.5 earthquake shakes Mexican capital
  5. Henares on Pacquiao bashing: I did not start this
  6. ‘No real progress in PH if dynasties not dismantled’
  7. Massive infra spending set
  8. More legal woes for Cedric Lee
  9. Easter crucifixions draw huge crowds
  10. Korea ferry captain arrested, divers spot bodies
  1. Kim Henares needs a reprimand, says Cayetano
  2. Suspect in Vhong Navarro mauling tries to leave PH
  3. More legal woes for Cedric Lee
  4. ‘No real progress in PH if dynasties not dismantled’
  5. ‘Mom, I love you,’ says text from student on sinking ferry
  6. Fr. Suarez says last Mass on Easter before returning donated land to San Miguel
  7. Enrile chief aide back in PH ‘to face charges’
  8. Massive infra spending set
  9. Henares on Pacquiao bashing: I did not start this
  10. I’ll follow my conscience on Estrada, says JV Ejercito
  1. KL confirms Malaysian Airlines Flight MH370 ended in Indian Ocean
  2. MRT passengers pass the hat for 6-year-old Ashley
  3. Rookie, lady cops lauded for quick response to MOA heist
  4. Malaysia averts another air tragedy; pilot lands troubled plane safely
  5. Revilla says he was joking; Lacson stands by his story
  6. Revilla ‘consulted’ Lacson on how he evaded arrest
  7. Police rule out foul play in Helena Belmonte’s death as boyfriend is ‘traumatized’
  8. Cudia, dismissed for lying, got 99% in conduct
  9. Model Helena Belmonte wished ‘to slash her wrist and hope to die’
  10. Hammer-wielding robbers cause chaos at Philippines’ Mall of Asia
Advertisement

News

  • 16 suffer burns in Batangas sugar factory accident
  • Angat level drops; cloud seeding set
  • Indigenous aspiration in Bangsamoro
  • Banahaw continues to lure pilgrims, trekkers
  • Passion of Christ moves survivors
  • Sports

  • Tottenham beats Fulham 3-1 in Premier League
  • Martino defends Messi, takes blame for Barca fail
  • Vettel hoping for resurgence at Chinese GP
  • MLB pitcher donates $100,000 for Sewol ferry victims
  • Hamilton takes pole at Chinese Grand Prix
  • Lifestyle

  • Levine designs womenswear with help from fiancee
  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • Entertainment

  • Why ‘Noah’ can’t dock his ark at Philippine theaters
  • Acclaimed artist goes wild while on holiday
  • Believing in this mermaid
  • Missing Xian
  • Minnie Driver plays devastated mother to a stillborn child
  • Business

  • A workplace of new possibilities
  • Learning by doing: pilgrimage of faith
  • Fiat-Chrysler to produce iconic Jeep in China from 2015
  • US commerce secretary spells out economic facet of ‘pivot to Asia’
  • Italy sells luxury state cars on eBay
  • Technology

  • Nasa’s moon-orbiting robot crashes down
  • Netizens pay respects to Gabriel Garcia Marquez
  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Cesar Chavez movie sparks memories of Fil-Am labor leaders
  • Filipinos in US poised for success
  • Visas for priests and other faith leaders
  • DOH to continue tracking co-passengers of OFW infected with MERS virus
  • 5 Filipinos with MERS in UAE reported in stable condition
  • Marketplace
    Advertisement