Duterte gov’t told to seize Marcos bank accounts - BusinessWorld Online

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Duterte gov’t told to seize Marcos bank accounts - BusinessWorld Online
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A PARTY-list group on Monday asked the Finance department to seize the bank accounts of the administrators and beneficiaries of the estate of the late dictator Ferdinand E. Marcos for failing to pay billions of pesos in taxes in the past two decades.

In a letter to Finance Secretary Carlos G. Dominguez III and Internal Revenue Commissioner Caesar R. Dulay, the Akbayan Party-list, founded by victims of the late strongman’s martial rule, said seizing the bank accounts of the Marcoses would help the government collect their unpaid estate taxes, which have ballooned to P204 billion due to interest and other penalties.

“Clearly, the above persons are delinquent taxpayers, and it is incumbent upon the government to collect immediately the total amount due,” it said, referring to the late dictator’s immediate family members — his wife Imelda, son Ferdinand “Bongbong” and daughters Imelda “Imee” and Irene — and the estate administrators.of garnishment to all banks in the Philippines and proceed from there in recovering the funds due the Filipino people,” it added.

“Upon receipt of the warrant of garnishment, the bank shall turn over to the BIR commissioner so much of the bank accounts as may be sufficient to satisfy the claim of the government,” Akbayan said, citing the country’s tax law. Political analysts and historians have decried an alleged effort to revise the country’s history about the late dictator by putting him in a good light.

“Civil society must not relent in making sure the Marcos estate tax is collected and that the proper history of the Marcos dictatorship, including the Martial law period, is written in our textbooks, regardless of whoever is in the administration after the elections,” Mr. Yusingco said. “We cannot just rely on our political class to attain this objective for us.”

Mr. Carranza, who now works as a senior expert at the International Center for Transitional Justice, was involved in a Supreme Court case where $678-million in Swiss deposits of the Marcos couple were found to have been illegally obtained.

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