FRANCIS EARL A. CUETO Correspondent
THE Bureau of Internal Revenue (BIR) has filed a P73.34 million tax evasion case against businessman Antonio Tiu, an alleged dummy of Vice President Jejomar Binay.
The BIR accused Tiu of under declaring his income by 6,395 percent in 2008 and by 100 percent in 2013.
Tiu’s case stemmed from his failure to supply accurate information in his annual income tax return (ITR) in 2008 and 2013.
Tax investigators reportedly discovered that Tiu only declared P824,244 as his taxable income in 2008. In 2013, he did not file an ITR.
The BIR found these anomalous because records from the Securities and Exchange Commission showed that Tiu acquired shares of stocks amounting to P53.50 million in 2008 and P71.42 million in 2013 from Agrinurture Inc. and Tiu Peck and Sons Holdings, Inc., respectively.
The businessman has been dragged into the controversy surrounding Binay’s supposedly ill-gotten wealth, including a 350-hectare estate in Rosario, Batangas allegedly worth P1.2 billion.
Former Makati Vice Mayor Ernesto Mercado has accused Tiu as Binay’s dummy, saying he is fronting for the vice president as owner of the controversial property in Batangas.
However, Tiu categorically denied Mercado’s allegations that he is Binay’s dummy at the Senate hearings last year.
He said he owns the sprawling property in Rosario that Mercado claimed belongs to the vice president.
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