Thursday, September 5, 2013

BIR: Many reported Napoles properties not in their name


MANILA, Philippines - "Many" of the properties and assets of detained businesswoman Janet Lim Napoles and her family reported in the media turned out to be not under their names, Bureau of Internal Revenue (BIR) Commissioner Kim Henares said on Thursday.

However, the BIR is still pursuing its investigation into these properties and assets.

Henares said that apart from the bureau's primary concern which is to determine if there was any evasion of payment of taxes on these properties, the possibility that dummies may have been used by the Napoleses cannot be ruled out.

"Marami [properties] hindi nag-match. We're trying to find out sino ba mga may-ari nito, kung kaya ba ng income nila, kung nagbayad ba sila ng taxes... I'm not saying magnanakaw siya (Napoles), pero kung gagawa ako ng isang [illegal] bagay, siyempre I will hide my tracks. Maaring natago niya pero sa kayabangan nila, kaya lumalabas," Henares said.

Properties named after Napoles' minor and legal age children are also part of the BIR probe, she said.

"If not of age, [properties] must be a donation. So nagbayad ba ng donor's tax? If of age, then it must be income. Kaya ba ng income o may hindi naireport?" Henares said.

Properties allegedly inherited by Napoles, the alleged multi-billion peso pork barrel scam architect, will also be checked for proper payment of inheritance taxes, as well as the family's properties abroad.

In short, there will be a cross-matching of these assets and properties, payment of taxes, and declared income, Henares clarified.

Letters of Authority have been sent out to the Napoleses in connection with the BIR's probe.

The BIR is also coordinating with other government agencies in zeroing in on all the family's assets.

source: www.abs-cbnnews.com