Mighty Corporation Answers Tax Evasion and Smuggling Allegations

The only Filipino owned and operated tobacco and cigarette manufacturer Mighty Corporation again answers accusations of unfair business practices, consistently. Mighty denies that they got away last year with P5 Billion tax evasion allegations.

Mighty Corporation Answers Tax Evasion and Smuggling Allegations

 In paid ads on a broadsheet newspaper, Mighty Corporation put emphasis that they have not engaged in any form of smuggling and tax evasion and noted that they have already remitted to the government P8 Billion in excise tax in 2013.

Mighty Corporation reacted to Finance Secretary Cesar Purisima when he ordered an investigation of the Mighty for manifesting smuggling and massive tax evasion, addressing his memo to the BOC and BIR.

In another statement, Mighty’s Executive Vice President and Spokesperson Retired Judge Oscar P. Barrientos downplayed all allegations and wrongdoings that Mighty Corporation was accused of and said that these allegations are part of a smear campaign.

“There may be a bigger agenda behind the anti-Mighty smear campaign. Reforms in the excise tax systems have obviously dealt a heavy blow to PMFTC.” He said.

Mighty Corporation is owned by the WongChuKing Family that was established in the 1940s. Mighty Corp was the producer of La Campanilla, Magkaibigan, Campana Ringing Bell and other local brands.

The WongChuKing owned company feels that providing the Filipino consumers an option of lower priced but quality products is a way of giving back to their customers through the years.