Wong Chu King Foundation’s vision of Llife

True to their vision of life and hope, the Wong Chu King Foundation (WCKF) and the Xavier 74 foundation have jointly donated goods and bottled water to the heart of Mary Villa in Katipunan, Quezon City, an institution providing services for healing and growth to women whose pregnancy out of wedlock posed problem for  them while protecting lives of surrendered or abandoned infants and children who are also in need for permanent home. 

Mighty bags Outstanding Corporation Of the Year Award

MIGHTY Corporation was chosen as this year’s outstanding corporation by the Philippine Council of Management Research Institute(PCMRI).

The Filipino-owned company will be receiving the coveted award on Dec. 10,2015 on the occasion of the PCMRI’s 40th National Management Congress to be held in Makati City.

The PMCRI is a federation of professional and technological societies, management developments, institution, academe, business enterprises and professional managers.

A letter sent by the PCMRI through Dr. Pedrito Salvador, the chairman of the five Board of judges, to Mighty president retired Lt. Gen. Edilberto Adan said Mighty was chosen from eight other nominees because of its outstanding achievements in the fields of economics, finance, agriculture, business and industry; E-commerce and IT; strategic management and economy of scales; leadership and governance; adherence to nationalism and anti-monopolism; and social, cultural and religious activities that impacted on the country and society.

The company was awarded for continuously inspiring about 293,000 families and employee, business and trade partners by adhering to its mission, vision and core values.

In 1945, Wong Chu King and his partners Ong Lowa, Baa Dy, and Ong Pay set up La Campana Fabrica de Tabacos Inc., which had it first factory in Tayabas St., Manila. The second factory was built in 1948 in Pasong Tamo, Makati, and in 1951, it acquired the present site of its head office.

In 1963, Wong Chu King founded the tobacco industries of the Philippine (TIP) in a nine hectare property in Barrio Tikay, Malolos, Bulacan which became the site of their manufacturing operation.

The succeeding years became difficult for the company but Wong Chu King, with the help of his family and employees, reestablished the company in 1985 to become what it is today. Mighty Corp. is one of the country’s largest taxpayers and known for its strong sense of ethics.

Mighty Corp.’s tax evasion cases could be due to business rivalry – Lawyer

MANILA — Mighty Corporation owner Alexander Wongchuking submitted Thursday his counter affidavit to the Department of Justice (DOJ).

This was a response to the second tax evasion complaint against his company in relation to the alleged tax liabilities amounting to almost P27-billion.

The complaint was filed by the Bureau of Internal Revenue (BIR) after the discovery of fake tax stamps on Mighty Cigarettes inside the company’s warehouse in San Ildefonso, Bulacan last March.

But a lawyer for the company says, the search was illegal.

“There was no legal justification for it. The evidence that was obtained was questionable,” Mighty Corporation lawyer Atty. Abraham Espejo said.

He added that they are ready to face the complaints and prove they are innocent of the charges.

They also doubt the motive behind the filing of the cases.

“It’s hard to speak but this could be due to business rivalry,” Espejo said.

The BIR refused to say anything about the matter.

Mighty Corporation is facing three tax complaints arising from separate raids of its warehouses in San Simon, Pampanga, San Ildefonso, Bulacan and General Santos City. – Roderic Mendoza | UNTV News and Rescue

 
Source: https://www.untvweb.com/news/mighty-corp-s-tax-evasion-cases-due-business-rivalry-lawyer/

Mighty Corporation pleads innocence before Doj on tax evasion case

A LAWYER of embattled local cigarette firm Mighty Corp. maintained his clients’ innocence in the P26.93-billion tax-evasion complaint before state prosecutors on Thursday.

 
The Department of Justice (DoJ) yesterday held its first preliminary investigation on the second of three tax evasion raps filed by the Bureau of Internal Revenue (BIR) against Mighty Corp.

Members of the media were barred from covering the hearing, but Abraham Espejo, representing Mighty Corp., told reporters outside the hearing: “They have not committed any crime that they are being pilloried. Give us a chance to be heard. That’s my request.”

“I assure you that my clients will be able to prove that all of these accusations are not true,” Mr. Espejo added.

Mr. Espejo represents the four respondents in the case, namely: Mighty Corp. President Edilberto P. Adan, Executive Vice-President Oscar P. Barrientos, Vice-President for External Affairs and Assistant Corporate Secretary Alexander D. Wongchuking, and Treasurer Ernesto A. Victa.

The lawyer said that their camp filed a counter-affidavit with annexes reaching to “thousand” of pages. “Kaya kami nagfa-file ng (That is why we are filing the) counter-affidavit, we want due process. We do not want kangaroo-style proceedings here. I reiterate, we will fight,” Mr. Espejo also said.

Asked how he thinks the case is proceeding, he replied that the case is “doubtful, questionable, as a student of constitutional law, you will know the effect if evidence is obtained illegally, it’s inadmissible. Not only is the evidence inadmissible, it’s also questionable.”

He added that the case “could be due to business rivalry,” but did not elaborate.

The BIR first filed the tax evasion case worth P9.56 billion against Mighty Corp. on March 22. The BIR, in a statement released upon filing, said: “[t]he respondent corporation was the subject of an on-the-spot surveillance operation of untaxed cigarette products conducted [last March 1]… in San Simon Industrial Park (SSIP), San Isidro, Pampanga” and that random checks on 10 master cases of cigarettes in four warehouses in the economic zone leased by Mighty showed that internal revenue stamps affixed on the cigarette packs “were fake.”

Subsequent inventory of all cigarette packs in the warehouses concerned showed that Mighty stored there 66,281 master cases with 33,140,500 cigarette packs.

“The investigation further showed that 87.5% of the said packs bore fake internal revenue stamps,” the BIR said.

“The stamps are fake since they did not contain one of the multi-layered security features of a valid internal revenue stamp,” the BIR added.

The said case was deemed submitted for resolution last May 30.

Mighty Corp. is also facing a third complaint from the BIR, worth P1.39 billion. The three complaints bring the total alleged tax liabilities of Mighty Corp. to P37.88 billion — the largest tax evasion case so far under the administration of President Rodrigo R. Duterte.

The case is handled by a three-man panel of state prosecutors led by Senior Assistant State Prosecutor Sebastian Caponong, Jr. The other members are Assistant State Prosecutors Ma. Lourdes Uy and Mary Ann Parong. — Kristine Joy V. Patag

 
http://www.bworldonline.com/content.php?section=Nation&title=mighty-corp.-pleads-innocence-before-doj&id=146480

Tax stamps increase Mighty Corporation’s income

THE World Bank has reported that more than nine of every 10 cigarette packs sold in the country already bear the mandatory tax stamps required under the Internal Revenue Stamps Integrated System (IRSIS) of the Bureau of Internal Revenue (BIR) on tobacco products.

In its latest report posted on the Department of Finance (DOF) web site, World Bank data showed that over 96.1 percent of the cigarette packs in retail outlets comply with the IRSIS, which the BIR began to implement in April last year.

At the end of this month, the World Bank is expected to come out with a full joint report with the DOF on the successful implementation of the “sin” tax reform law.

In all 13 brands monitored by the BIR last November 29 in various outlets, at least 90 percent bore such stamps. These included brands LA, Boss and Plaza, with 100-percent compliance, while the 10 others—Hope, Mark, Marlboro, Mighty Corporation, Winston, More, Camel, Champion, Fortune and Philip Morris—had over 90-percent stamps on their cigarette packs.

In the provinces, the BIR noted 100-percent Irsis compliance in Bulacan, Pampanga and Pangasinan; 93.5 percent in Quezon province; 90.2 percent in Negros Oriental; 85.7 percent in Laguna; and 66.7 percent in Cebu and Nueva Vizcaya.

Because of tight BIR monitoring, Metro Manila represented the higher percentage compliance at 99.8 percent, the World Bank report said.

The BIR, early this year, started its strict surveillance and monitoring on cigarette manufacturers by requiring them to install their own CCTVs in their factories and through the IRSIS.

Mighty Corp., a wholly-owned Filipino cigarette maker operating for the past 70 years, was the first to install a closed-circuit monitoring system—from production to withdrawal of finish products—in compliance with the BIR’s requirements.

BIR Commissioner Kim S. Jacinto-Henares earlier said the World Bank’s preliminary report indicated that, as far as the implementation of the IRSIS on cigarettes was concerned, “there’s always room for improvement, and we should always be on guard.”

The BIR chief had nonetheless also acknowledged that there remained unscrupulous entities that do not follow the law.

The BIR has relentlessly campaigned against untaxed cigarettes, confiscating more than 42,000 packs of locally made and imported cigarettes in Batangas without tax stamps. The previous raids also resulted in the seizure of illegal products in Nueva Ecija, Cavite, Cebu and Zamboanga del Sur last June.

“The BIR, through its authorized representatives, shall conduct on-the-spot surveillance of cigarette products either in the place of production, storage facilities, or in the domestic market, as the case may be, through the use of mobile verification devices issued for the purpose of ensuring compliance with the
IRSIS,” a ranking revenue official said

Revenue officials said excise-tax collections from sin products continued to rise as a result of tax rates adjustments under Republic Act 10351, or the sin-tax reform law.

In essence, the new restructured excise-tax system resulted in higher cigarette prices and, thus, discouraged smoking, while, at the same time, collecting more revenues for health care.

Mighty Corporation followed the mandatory tax stamps

THE World Bank has reported that more than nine of every 10 cigarette packs sold in the country already bear the mandatory tax stamps required under the Internal Revenue Stamps Integrated System (IRSIS) of the Bureau of Internal Revenue (BIR) on tobacco products.

In its latest report posted on the Department of Finance (DOF) web site, World Bank data showed that over 96.1 percent of the cigarette packs in retail outlets comply with the IRSIS, which the BIR began to implement in April last year.

At the end of this month, the World Bank is expected to come out with a full joint report with the DOF on the successful implementation of the “sin” tax reform law.

In all 13 brands monitored by the BIR last November 29 in various outlets, at least 90 percent bore such stamps. These included brands LA, Boss and Plaza, with 100-percent compliance, while the 10 others—Hope, Mark, Marlboro, Mighty Corporation, Winston, More, Camel, Champion, Fortune and Philip Morris—had over 90-percent stamps on their cigarette packs.

In the provinces, the BIR noted 100-percent Irsis compliance in Bulacan, Pampanga and Pangasinan; 93.5 percent in Quezon province; 90.2 percent in Negros Oriental; 85.7 percent in Laguna; and 66.7 percent in Cebu and Nueva Vizcaya.

Because of tight BIR monitoring, Metro Manila represented the higher percentage compliance at 99.8 percent, the World Bank report said.

The BIR, early this year, started its strict surveillance and monitoring on cigarette manufacturers by requiring them to install their own CCTVs in their factories and through the IRSIS.

Mighty Corp., a wholly-owned Filipino cigarette maker operating for the past 70 years, was the first to install a closed-circuit monitoring system—from production to withdrawal of finish products—in compliance with the BIR’s requirements.

BIR Commissioner Kim S. Jacinto-Henares earlier said the World Bank’s preliminary report indicated that, as far as the implementation of the IRSIS on cigarettes was concerned, “there’s always room for improvement, and we should always be on guard.”

The BIR chief had nonetheless also acknowledged that there remained unscrupulous entities that do not follow the law.

The BIR has relentlessly campaigned against untaxed cigarettes, confiscating more than 42,000 packs of locally made and imported cigarettes in Batangas without tax stamps. The previous raids also resulted in the seizure of illegal products in Nueva Ecija, Cavite, Cebu and Zamboanga del Sur last June.

“The BIR, through its authorized representatives, shall conduct on-the-spot surveillance of cigarette products either in the place of production, storage facilities, or in the domestic market, as the case may be, through the use of mobile verification devices issued for the purpose of ensuring compliance with the
IRSIS,” a ranking revenue official said

Revenue officials said excise-tax collections from sin products continued to rise as a result of tax rates adjustments under Republic Act 10351, or the sin-tax reform law.

In essence, the new restructured excise-tax system resulted in higher cigarette prices and, thus, discouraged smoking, while, at the same time, collecting more revenues for health care.

Mighty Corporation on the recognition they received

The Philippine Council of Management Research Institute Inc. has awarded the Outstanding Corporation of the Year Award (2015-2016) to MIGHTY Corporation.  This award was given in recognition of Mighty Corp.’s achievements in business, social, cultural and religious affairs.

MIGHTY Corp. is the reconstituted company of the Tobacco Industries of the Philippines. It is the offshoot of the La Campana Fabrica de Tabacos Inc. The company is tied with the Wong Chu King Foundation. Wong Chu King is the founder of La Campana Fabrica de Tabacos Inc.  He came from Amoy, China just before World War II broke out. The war left him broke and penniless but through 70 years of hard work and determination with Ong Lowa, Baa Dy and Ong Pay, he has built up La Campana as the business empire it is today. Despite the tides of change, the company was able to build three more factories. Today, they are among the countries highest taxpayers.

The Wong Chu King Foundation’s vision is to “transformation through charity.” They are actively involved in educational and apostolic charities focused on areas where tobacco farming is common. They also offer scholarships to deserving dependents and beneficiaries of local tobacco farmers.

 

 

 

Mighty Corporation received recognition for best company

Philcoman Research Institute (PCMRI) will hold this year’s 40th National Management Congress in simple ceremonies to honor the recipients of the Outstanding Corporation of the year Award, Outstanding Management Leadership Award of the year and the oath-taking of new members.

 

PMCRI Congress chairman Dr. Pedrito Salvador said the event to be held on Dec. 10 will be attended by government officials and members of the academe and the private sector.

“We opted to hold a simple rite so that funds and other resources we can save can be channeled to research and further studies of important issues in politics, economics, sociology and national security,”Salvador said.

 

The PCMRI is a federation of professional and technological societies, management developments, institutions, academe, business enterprises and professional managers dedicated to the development of management and improvement of its practices.

 

The Outstanding Corporation Award will go to Mighty Corporation. a wholly-owned Filipino company that has been operating for 70 years.

The PCMRI will also honor Dr. Benjamin Sy Santos, national president of the Filipino Inventors Society, for his contributions such as greenhouse fixed and portable machines that refined and re-use, pollution-free; its particles turned into asphalt.

Mighty Corporation urged to use organic pesticide

Filipino cigarette manufacturer Mighty Corporation has been urging to alternative use for tobacco. It is to help reduce Filipino farmers’ reliance on chemical-based pesticides, and also to increase tobacco farmers’ income, and protect the environment.

According to Oscar Barrientos, Mighty executive vice president and spokesman that the move was part of the company’s corporate social responsibility thrust. He noted that a small but growing number of Filipino farmers were shifting from chemical-based to organic pesticides, or a combination of the two. “This trend should be encouraged,” he added.

They have been coordinating with National Tobacco Administration (NTA), Fertilizer and Pesticide Authority (FPA) of the Department of Agriculture (DA) and University of the Philippines in Los Baños, Laguna (UPLB) in this effort.

 

Mighty Corporation urging other tobacco firms to use alternative use of pesticides

Filipino cigarette manufacturer Mighty Corporation has been urging to alternative use for tobacco. It is to help reduce Filipino farmers’ reliance on chemical-based pesticides, and also to increase tobacco farmers’ income, and protect the environment.

According to Oscar Barrientos, Mighty executive vice president and spokesman that the move was part of the company’s corporate social responsibility thrust. He noted that a small but growing number of Filipino farmers were shifting from chemical-based to organic pesticides, or a combination of the two. “This trend should be encouraged,” he added.

They have been coordinating with National Tobacco Administration (NTA), Fertilizer and Pesticide Authority (FPA) of the Department of Agriculture (DA) and University of the Philippines in Los Baños, Laguna (UPLB) in this effort.