Mighty claims thousands of fake cigarettes sold monthly | ABS-CBN
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Mighty claims thousands of fake cigarettes sold monthly
Warren de Guzman,
ABS-CBN News
Published Feb 16, 2018 02:47 PM PHT
MANILA - Tens of thousands of fake Mighty cigarettes are being sold in the market, resulting in foregone tax revenues of P12.6 billion annually, according to a Japanese firm that acquired the company.
MANILA - Tens of thousands of fake Mighty cigarettes are being sold in the market, resulting in foregone tax revenues of P12.6 billion annually, according to a Japanese firm that acquired the company.
Some 50,000 to 60,000 fake Mighty cigarettes are being sold monthly, Japan Tobacco Philippines president Manous Koukourakis told ABS-CBN News.
Some 50,000 to 60,000 fake Mighty cigarettes are being sold monthly, Japan Tobacco Philippines president Manous Koukourakis told ABS-CBN News.
Last week, authorities raided a factory producing fake Mighty products in Guiguinto town, Bulacan, north of Manila.
Last week, authorities raided a factory producing fake Mighty products in Guiguinto town, Bulacan, north of Manila.
Koukourakis said Mighty would cooperate with the government in its fight against counterfeit cigarettes.
Koukourakis said Mighty would cooperate with the government in its fight against counterfeit cigarettes.
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Japan Tobacco acquired Mighty Corp last year after its former Filipino owners settled a tax case with the government.
Japan Tobacco acquired Mighty Corp last year after its former Filipino owners settled a tax case with the government.
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