Yellow Economic Lucifer on the Rampage in the Filipino Land
centurioparko posted 1 day ago | views: 102 | Tags: Philippines October 30, 2006

Yellow Economic Lucifer on the Rampage

(Unsolicited “addendum” to Newsbreak October 9, 2006 Issue re Deadly Industry article)

Concerned government officials and politicians are made blind by Lucifer Effect. Company financial statements are public records at the BIR and SEC. One can readily check on these records that Lucio Tan, the China-born economic Lucifer of the Philippines, with the administrative case of his P26 billion tax evasion case crawling at a snail pace in the courts, is still cheating more than a hundred billion of taxes year after year. In 2005, to cite a case, Philip Morris had sales revenues of P28.9 billion. Tan’s Fortune Tobacco had a lower at P26.5 billion despite his command of no less than 70% of the cigarette market. Considering the “sin” tax slapped on tobacco products, which is about half of their selling price, and considering Philip Morris, sales revenue as benchmark, though it might also have been shaved to a certain extent, many billions of taxes had been cheated by him in that year through his cigarette company alone. Blinds are officials in almost every corner of the Philippine government to keep this Yellow Economic Lucifer go on with his plunder.

It is noteworthy that in today’s money, the P26 billion in Tan’s tax evasion case is now worth at least P80 billion already. It is noteworthy also that 15 years ago, the VP for Sales of Fortune Tobacco, a shareholder and a confidant of Lucio, often rejoiced to his trusted people that their monthly sales revenue ran at about P9.5 billion, translating into a yearly P114 billion in those period. Cigarette prices have doubled since then.

In 2003, Tan did not buy tobacco produce of the north. His tobacco people merely relayed to the traders high inventory on hand as the reason. No concerned government official, especially the politicians in the tobacco producing provinces and NTA officials, ever voiced disapproval of this arbitrary move to protect the multitude of affected farmers and their dependents, including its adverse impact on the economy. Their muteness suggested them all to be in Tan’s payroll. In reality with said tobacco embargo, he brought in tobaccos from China to please its rulers as a “patriotic” hoa-chiao. He needed to so that when reckoning time catches on him, China would welcome him as his sanctuary. Until now, he still gets tobacco from his native land at the expense of the land that adopted him. The next question that matters gravely is if these tobaccos are duly paid with customs duties. Knowing him to have started his plundering career by smuggling varied things before he was able to ingratiate himself into the late dictator’s portfolio of cronies, the answer should be a big no. Ex-BoC Chief Salvador Mison, who is now among his ex-military general scarecrows, should know.

Trickles of Tan’s tax cheated billions are used to control media concerns. Multi-million ad placements are given to those that toe his line, not to give him bad press lest they would lose millions of revenues. Broadcast commentators and talk show hosts and newspaper and magazine columnists are in his generous payroll for the same reason, like the corrupt politicians, judges, justices and other government officials concerned in his enterprise of economic plunder in his pocket. Huge bonuses are given them when “service” done was for a great concern of this Yellow Economic Lucifer. A recent case was the dismissal of his criminal liability regarding his P26 billion tax evasion case by Marikia MTC Judge Alex Ruiz. Ms. Solita Monsod, the only journalist, economist and public figure who appears a true nationalist, aptly commented the decision in her PDI Get Real column of October 14, 2006 as “incredible logic.” It suggested Ruiz a rotten judge to make Judge Roy Bean of the Wild West a man of honour if compared.

Ruiz’ dismissal of Tan et al’s criminal liability in his P26 billion tax case is an immortal joke. But at a price of many millions to save thisYellow Economic Lucifer from going to a barred hell, the corrupt judge could commit professional suicide. Never in his life time could he have gained such bounty with countless zeros if he had not played fool for this Yellow Economic Lucifer. He even “agreed” with Tan and Estelito Mendoza that the 8 dummy marketing companies in the tax case were not dummies because the incorporators and officers of which were Tan’s ex-employees. He did not check the ITRs of these persons if the companies with their names put in as incorporators and officers were declared therein for their earnings. If he did so, he would have found out that Tan and Mendoza had committed perjury. It would have revealed that most of these dummy officers were under the employ of Tan’s companies, in his legitimate companies; in the dummy companies that replaced the court cased dummy companies; or in the dummy companies of his other “sin” companies. On this matter, the “honourable” public servants in the Cabinet of Malacanang, in both houses of Congress and onther politicians never wagged their tongue, to give a howl of protest, or even a shout of praise if they thought the decision to be correct. Guilt and duty to Lucifer Effect must have made their tongue roasted.

It is clear that Lucio Tan has grown into a puppeteering economic monster, monster who made his creator Ferdinand a Dr. Frankeinstein. This Chinaman is worst economic plunderer in making the public servants his servants. He is now on a spree of buying honoris causa PhDs at a cost of P20 million each as “donation” to the bestowing universities provided advertised as ab “act of philanthropy.” Anybody can smell it as a desperate perfumery to cover his stinking filth.

The Filipino race is in yellow economic peril for many years more to come. All politicians, public officials and media concerns seem all “tan-ned,” puppeteered to deprive justice to their own blood, the Filipino blood, just like Jose Bunag, the Tan-man taxman, for detaching himself from Tan’s P26 billion tax rap, obviously to help rogue Ruiz do his “tan-ned” duty, compelling state witness Danilo Lihaylihay to sue him for dereliction of duty.