EXPLAINER: How CTA ruled in favor of Maria Ressa, Rappler in tax evasion case

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The tax court declares: 'Rappler did not earn any trading income from the issuance of PDRs to foreign entities.'

acquitted Nobel laureate Maria Ressa and Rappler Holdings Corporation

Rappler’s lawyers said it is the first time in at least 20 years that the Bureau of Internal Revenue interpreted PDRs as taxable income, and the first time that a media company is being charged of tax evasion over PDRs which other prominent media companies like ABS-CBN and GMA Network also use. The CTA said that RHC did not act as a dealer in securities because the tax code defines a dealer in securities as a one regularly engaged in such activity.

Upon examination of the CTA, it found that foreign investors North Base Media and Omidyar Network did not avail of the option to buy underlying shares. “This is the rationale of placing the underlying shares with an escrow agent in the meantime, as described in the PDR instrument, because the holders thereof may not exercise the option of owning the shares and just remain as investors,” said the CTA.

The tax court said, “RHC did not earn any trading income from the issuance of PDRs to foreign entities.”

 

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🤣🤣🤣 pag nanalo gumagana ang Justice system sa Pilipinas, pag natalo at convicted walang justice sa Pilipinas

Ako lang ba everytime na nakikita pagmumukha nitong journalist ng rappler eh gusto ko ng itapon cp ko. Sa tiktok blinock ko na yan kasi nakakairita pagmumukha niya.

Maria rocked the boat, and this what she got Persecution of the authorities and the powerful in politics to silence her. But she is unwavering and undeterred. Time for RESBAK to break this corruption in the gov’t.

balikan nyo si duterte! 🤣🤣🤣🤬

di kasi klaro ownership neto? meanwhile abs cbn and gma. clear sino may ari

well who owns the equity share holding of rappler?

di nman sya tax evader, bias at fake spreader ang rappler, its a different thing. katulad mo na akala mo magaling magsalita pero misleading lahat ng info spreaded syempre pagtangol mo yan... overall, rappler did not give a country help instead sinisiraan

Sure, pero convicted criminal boss nyo sa libel

Remember when Ressa destroys the image of the Philippines saying that the Courts have been influenced? So ano babawiin nya ngayon kasi na acquit siya? BOOOOOO!

Tell and read out loud what the court said not your biased explanation. An acquittal doesn't mean that you were right all along about not being a tax evader, when certain compliances to the detriment of such decisions weren't met, yun lang yun.

Ang likot ng ulo

Oo nga naman…acquitted sila sa tax evasion same as BBM before. Pero sila not guilty at si BBM tax evader pa rin! What a packing mind is dat?

Ang papanget talaga ng taga rappler mga talunan pa.🤣🤣🤣

Very well explained..

Whatever it is, convicted cybercriminal pa din yang si mukhambayag!

Tama, hindi tax evader, biased news informer almost leading to fake news 😋

Sold out concert ni Toni 😂😂😂😂

Famillier angacting nito.. ung panot na pari sa tv.. ung mangagahasa kay maria klara.. ung angel kuno.. demonyo pala😂😂😂

In other words the burden of proof was not met.

Actually the court didn't say that, what it said was that the prosecution failed to prove the guilt beyond reasonable doubt.

Again, an acquittal does not necessarily equate to innocence

Hahahaha can you explain the cyberlibel too?

So ibig sabhin gumagana ang justice system ntin bug d nyo bet Angal kayo ulol

Walang maniniwala sayo, aklab

Nanalo sa sabong hindi income? Sino naman ang pinagloloko nyo🤣🤣

Kawawa kau pti sarili mo niloloko mo nlng dn hahaha madungis n maxado name ng rappler kaya tingin ko kht kamag anak mo di nrn naniniwala sau🤣🤣

cyber libel criminal!

Di tax evader pero cyberlibel convict pa rin si Goddess of Truth and Owner of the Internet. Fact 'yan!!!

ressa a convicted criminal? Yes totoo ito. 🤭

ABS CBN and RAPPLER most hated media outlets ng pamunuang Du30, Hanggang ngayon iniipit parin parehas.

What do you expect na abogado daw pero walang napanalong kaso ahahaha

Isa sa paborito ko si Rambo sa rappler🙏

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