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Aquino: I will run after tax cheats and corrupt officials

LP bet eyes recovery of P280B lost to corruption

By Mar S. Arguelles
Inquirer Southern Luzon
First Posted 16:06:00 03/16/2010

Filed Under: Graft & Corruption, Elections, Eleksyon 2010, State Budget & Taxes

LEGAZPI CITY, Albay, Philippines -- Liberal Party standard bearer Benigno ?Noynoy? Aquino III vowed, on Tuesday, to recover P280 billion in uncollected taxes and revenues lost to corruption if elected president in the May polls.

He said ?heads will roll and we will run after those big corporations who have mis-declared their profits and the people (who) failed to pay and evaded taxes to the disadvantage of the government.?

Aquino and Mar Rojas, the LP's vice presidential candidate, flew in to this city from Virac, Catanduanes on Tuesday with thousands of his followers clad in yellow and blue t shirts meeting them at the Legazpi Airport.

He said to recover the billions of pesos in revenues lost to corruption, he would adopt a tax collection efficiency measure that would show the ratio of taxes against the Gross Domestic Product (GDP).

Aquino said that during the term of President Fidel V. Ramos, the tax collection efficiency reached 18 percent of GDP but this went down to 12 to 13 percent under the Arroyo administration.

He said he would work to increase Ramos? tax collection ratio by two percentage points to be able to raise P150 billion more in revenues.

?We will put this in order. The revenue would build 40,000 classrooms nationwide amounting to P20 billion.?

If the P280 billion could be recovered, Aquino said he would use the funds to finance socio-economic activities that would uplift the poor.

Aquino and Roxas motored around the city's main thoroughfare with crowds lined up along the streets waving their hands while some were holding yellow ribbons, a distinctive mark of Aquino?s martyred father Sen. Benigno "Ninoy" Aquino Jr. and his mother, former President Cory Aquino.

After the motorcade, the LP team was welcomed by over 7,000 supporters at the Albay Astrodome for the LP consultative assembly.

After the Albay assembly, the two flew to Naga City for another assembly and then motored to Daet, Camarines Norte for the third leg of their provincial assembly.



Copyright 2012 Inquirer Southern Luzon. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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