Government lost billions in tax perks to Hanjin–FIRB | Bernadette D. Nicolas

OFFICIALS of the Fiscal Incentives Review Board (FIRB) pointed to the billions of pesos the government lost after giving tax breaks to Hanjin Heavy Industries and Construction Philippines Inc., which closed in 2019 after defaulting on loans. In a statement, the FIRB Secretariat said that the subsidiary of the South…

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