What Went Before: Corona tax evasion case

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Renato Corona. INQUIRER FILE PHOTO

MANILA, Philippines—On August 30, 2012, the Bureau of Internal Revenue filed a P150-million tax evasion case against former Chief Justice Renato Corona, his daughter Maria Carla and her husband Constantino Castillo III.

The BIR complaint, filed in the Department of Justice, claimed that Corona owed the government P120.5 million in taxes, inclusive of surcharges and interests, from 2003 through 2010.

Corona allegedly undervalued three of his properties by P17.30 million, failed to declare two properties valued at P12.75 million and underdeclared his cash assets in his statements of assets, liabilities and net worth (SALNs) with a cash underdeclaration reaching P134.44 million in 2010.

His daughter was sued in connection with a tax liability of P9.93 million, and his son-in-law, for P20.24 million.

The BIR said Carla failed to file her income tax return (ITR) in 2010 despite a substantial income that allowed her to acquire property worth P18.33 million in Quezon City, for which she paid documentary stamp taxes of P329,000.

She declared a cumulative income amounting to P228,040.00 in her ITR for 2008 and 2009.

Castillo declared an income of P1.93 million from 2005 to 2009 although he acquired a P15-million piece of property on Kalayaan Avenue, Quezon City, in 2009.

The BIR also said Castillo failed to file his ITR for 2003 despite acquiring a P10.5-million property that year.

During the impeachment trial, BIR Commissioner Kim Henares testified that Carla had “very minimal income” and was “not capable of buying properties.”  The Corona camp said Carla is married to a doctor who has the means to buy the property. Inquirer Research

Source: Inquirer Archives

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  • server.171

    poor corona napag initan

    • NAGMAMARUNONG

      st. luke’s na lang manirahan, anyway, may pambayad naman. gladly sabi ng hospital

  • Guest

    Yan kasi tigas ulo mo corona..di ka tatantanan niyan…

    • princecool

      Akala kasi nila invisible sila sa mga ganitong sitwasyon, may kasabihan na kahit saan mo itago ang baho, sisingaw at sisingaw pa rin. Kaya sa mga corrupt na Congressman at Senators, darating din ang kanilang oras. Ang masama nga lang, nagastos na ang pera bago pa sila mahuli, kaya kawawa ang Filipino…

  • Horst Manure

    If only you had a judiciary that would work on facts, evidence, documents, bank statements and any other instruments need for a case, things would flow much more smoothly.

    At present it is possible to mount a case on hearsay and any thing you care to write on a piece of paper.

    To have an honest, open, efficient justice system all the written evidence should be made available to the courts with a court order, not only will this show to the rest of the world you are trying to improve your woeful image of a poor judiciary but you are moving in the right direction and this will encourage growth.

    At present any thing that may incriminate you can be withheld, a sure sign of a backward country.

  • disqusted0fu

    What went before all these law suits and accusations against Corona? Simple, the order to distribute Hacienda Luisita to its rightful owners. Now he has to suffer from the vengeance of the Aquinos for ordering to distribute their ill-gotten wealth.

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