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On Thursday, July 9, after 12 days of continuous hearings, the House Committee on Legislative Franchises is set to vote on the ABS-CBN franchise renewal application. This is a moment of truth for the broadcast company, which is the biggest in the country.
One can only hope that our representatives will do the right thing for Filipino families, for our people, and for the country that is suffering from a pandemic.During the successive hearings in the House Committee, many accusations have been thrown against ABS-CBN, including tax evasion, labor law violations, political bias in its news coverage, and foreign ownership and citizenship issues.
As to the supposed tax evasion committed by ABS-CBN, House Deputy Speaker Rodante Marcoleta said that the company violated the terms and conditions of its legislative franchise due to “tax avoidance schemes.” This accusation however was belied by no less than the Bureau of Internal Revenue, which said that the company and its subsidiaries paid their taxes from 2016 to 2019.