What Went Before: Probe into Corona’s tax records

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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

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  • 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.

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