MANILA (Reuters) - Philippine President Rodrigo Duterte said on Monday he was accepting Mighty Corp’s 25 billion pesos ($493.15 million) tax settlement offer.
Mighty has offered to pay the government 25 billion pesos, funded by selling its assets to Japan Tobacco, the world’s third-biggest tobacco company, for 45 billion pesos.
Duterte also called on the Senate to pass his tax reform bill “in full,” to help fund his administration’s $180 billion infrastructure program.
Reporting by Karen Lema. Editing by Jane Merriman