Senate Probe on Marcos Estate Taxes 'Not Politically Motivated,' Says Koko Pimentel

The senator says it's a matter of national interest.
IMAGE SHUTTERSTOCK

Senator Aquilino "Koko" Pimentel III on Tuesday said his call for a Senate investigation on the P203-billion estate tax liabilities of the Marcos family was not politically motivated, noting that it is a matter of national interest.

Pimentel was asked in an ANC interview on possible concerns that his filing of a measure seeking a probe on the Marcos estate tax dues could be seen as politically motivated, as he is supporting presidential candidate Manny Pacquiao, a rival of Ferdinand "Bongbong" Marcos Jr. in the May 9 elections.

"This is not politically motivated. I, by myself, came up with this idea that this is of national interest because of the amount involved, the effort put into the winning judgment in favor of the BIR, the powerful family inheriting the estate, plus the long time it has taken to satisfy this judgment," he said.

"All of these factors contribute to the interest of the nation, of our people, and of legislators themselves on what's wrong with our National Internal Revenue Code," he added.

In filing Senate Resolution 998, Pimentel also sought to identify the past and present BIR officials responsible for the failure to collect the Marcos estate's tax dues.

He said the estate tax liabilities of the Marcos family could be used to fund the subsidies to be provided to poor Filipinos to cushion the blow of rising fuel prices.

Sen. Imee Marcos, the eldest of the Marcos siblings, earlier questioned the timing of the issue's revival as his brother is campaigning for president.

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Pimentel believes that the issue on the Marcos estate tax dues became more interesting to the public as Bongbong, the survey frontrunner, belongs to the family inheriting such a huge estate.

"Hindi ba tayo interesado doon as a nation? Ngayon na maraming naghihirap, humihingi ng ayuda, oil prices are up, slow down of the economy, naghahanap ang gobyerno ng pondo kung saan manggagaling ang ayuda?" Pimentel said.

"Kailangan natin ipaliwanag yun bakit ganun kalaki yung estate," he added.

FromReportr World

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