BIR files tax evasion charges against Tiu kin

No "identifiable source" of income, says Commissioner Henares

The Bureau of Internal Revenue (BIR) filed a tax evasion case yesterday against two relatives of Vice President Jejomar Binay's alleged dummy property owner, businessman Antonio Tiu. According to a report by the Philippine Daily Inquirer, spouses James and Ann Loraine Tiu, Antonio Tiu’s brother and sister in-law, were said have been substantial campaign contributors of Binay and his political party.

 

BIR Commissioner Kim Henares said that the couple were found to have committed "substantial underdeclaration of income," and that they had no "identifiable source" of income for 2010 to 2011, adding that their income for those two years was not sufficient for their reported expenditures.

 

Investigators have initially determined that James Tiu owes the government P14.96 million, and Ann Loraine Tiu P24.07 million in taxes.

 

The couple have yet to respond to the charges.

 

For more on this story, log on to Inquirer.net.

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