Mighty Corp Supports the Recent Implementation of New Tax System
Despite the recent filings of cases them by the BIR, renowned local cigarette manufacturer Mighty Corp. shows their full support for the actions the Duterte Administration is taking towards the implementation of a new tax system. According to Mighty Corp. President, Edilberto P. Adan, Mighty has always been supportive of the government’s efforts to promote public health and raise revenues for their programs. “Mighty Corp. has always been fully supportive of the government’s efforts to raise revenues from tobacco products, promote health, and support local farmers,” said Adan. “We only wish to point out that House Bill 4144 is the most advantageous measure for the government because it is expected to optimize revenue generation, address the concerns of health advocates, and provide local tobacco farmers with a steady stream of livelihood opportunities,” Adan said. HB 4144 promotes a two-tier system in place of a unitary tax rate. This helps local brand spread their reach towards th
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