Malacañang has urged Pilipinas Shell Petroleum Corp. to accept the compromise proposed by the Department of Finance (DOF) to resolve its row with the Bureau of Customs (BOC) on the issue of its supposed arrears of P7.3 billion in back taxes in order to ensure the continuity of its operations.
Deputy presidential spokesman Ricardo Saludo, in an interview over Radyo ng Bayan, said that Shell and DOF officials had discussed the issue and it was up to the oil firm to act on the proposed compromise agreement.
The compromise involves having Shell set aside the P7.3 billion in an escrow account while the case is being heard by the courts.
If Shell wins the case, then the money would promptly revert to them. FULL STORY
Posted at: 17:57 | Add Comment
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