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Marcos family loses appeal on 23.5 bil. peso tax bill.

MANILA, March 2 Kyodo The Philippine Supreme Court has upheld the government's demand the family of late President Ferdinand Marcos pay 23.5 billion pesos (602 million U.S. dollars) in income and estate taxes. In a copy of its decision obtained Tuesday, the court's third division also dismissed a second petition filed by Marcos's son, Ilocos Norte Gov. Ferdinand Marcos Jr., questioning the seizure of 30 parcels of land owned by the Marcos family as partial payment of the tax liability. In its four-page summation, the Supreme Court said the income and estate tax assessments ''were final and unappealable.'' The court said Marcos raised no new issues sufficient to reverse its ruling June 5, 1997 affirming a Court of Appeals decision to throw out the petition from Marcos. It also noted Marcos should have exhausted all legal remedies available under the tax code and should have questioned the assessment before the Bureau of Internal Revenue (BIR) and the Court of Appeals before the tax assessment became final. ''No other person than (Marcos) is to blame for the expiration of the period within which to question the assessments,'' the court said. The case stemmed from a BIR decision to collect 23.5 billion pesos in income and inheritance taxes in 1993. The Marcos family did not question the tax assessment, prompting the BIR to take in forfeit 30 parcels of land belonging to the family, and to sell off 11 lots by public auction in May 1993. It was not until 1994 the Marcos family questioned the BIR moves before the Court of Appeals. On Nov. 29, 1994, the court dismissed the appeal. Ferdinand Marcos is believed to have amassed billions of dollars in ill-gotten wealth during his two decades of strongman rule, which last until he was driven into exile in Hawaii in 1986 by a ''people power'' revolt. He died in Hawaii in 1989.
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Publication:Asian Political News
Date:Mar 8, 1999
Words:316
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