Knowledge

Mighty Corporation

Source 📝

300:
already exposed a flaw in PMFTC's arguments regarding their labor problems the year prior that it would not have happened had the tobacco giant agreed from the start to keep the government's original intent of implementing a unitary tax system for the industry. A unitary tax system means that all brands and price points would have a single rate and thus downshifting by consumers would, in theory, be mitigated. The non-government organization and anti-tobacco advocate group South East Asian Tobacco Control Alliance (SEATCA) has contradicted PMFTC's claims of cooperation with governments worldwide need to be qualified. "For example, Philip Morris' collaboration with the European Union (EU) is the result of a 2004 legally binding out-of-court settlement by Philip Morris International (PMI) after it was sued by the EU for its involvement in tobacco smuggling," SEATCA pointed out. "As part of this settlement, PMI agreed to pay $ 1.25 billion over 12 years to the EU to fight illicit tobacco trade. It is unlikely that a corporation would resolve a lawsuit for over
296:
have questionable figures in the importation of tobacco leaves, and that the company have not declared importation of acetate tow, the material used to make cigarette filters which could not be locally sourced, for domestic consumption until 2013. However, BIR Commissioner Kim Henares, who was in the hearing, opposed the Senate Tax Study Research Office (STSRO) data, which included the discredited information on alleged illicit tobacco trade furnished by multinational research firms AC Nielsen, the International Tax and Investment Center (ITIC) and Oxford Economics, as inaccurate, incomplete and not validated. She also added that the data used as basis for the STSRO report were biased and paid for by Philip Morris International (PMI) and that cannot be a basis against Mighty Corporation. Based on ITIC's website, one of its directors is also a ranking official of Philip Morris.
280:(BIR) has clarified to maintain a neutral position in the ongoing tobacco trade war. BIR Commissioner Kim Jacinto-Henares officially stated that "the burden of proof rests on PMI and PMFTC, they should prove that Mighty Corporation has evaded the government. If they cannot prove their allegation, then they may be liable for libel or slander." She said PMI's current hurdles in the Philippine market could have been avoided if PMFTC agreed to the government's original proposal of adopting a unitary tax system, which aimed to remove the tax rate gap between low- and high-priced cigarette brands. The BIR chief explained a unitary rate system on cigarette could have prevented smokers from down-shifting from high-priced brands, such as Marlboro, Winston and Lucky Strike, to low-priced brands, like Mighty.{{dead link 245: 158: 215: 1270: 267:. The transaction included the company's trademarks, intellectual properties, sales and distribution network, manufacturing equipment and inventories. It also resulted to the domestic manufacturer's tax payment amounting to P40-billion pesos - the largest amount paid in Philippine history by any corporation. The proceeds were to be used to boost the Duterte administration's infrastructure program. 828: 1280: 358: 295:
In October 2014, acting Senate Minority Leader Vicente Sotto III pointed out during a hearing of the Joint Congressional Oversight Committee on the Comprehensive Tax Reform Program, citing apparent tax leakages, particularly in the tobacco industry. According to Sotto, Mighty Corporation appeared to
210:
In 2001, the company entered into a cigarette manufacturing agreement with rival Sterling Tobacco Corporation to produce the latter's brands. In 2004, the company entered into a cigarette manufacturing agreement with the Philip Morris Philippines as the latter had acquired the trademarks of Sterling
299:
In early 2015, PMFTC declared it had to restructure its manufacturing operations in the country, cutting close to 700 permanent positions and has blamed it on a "market disturbance" said to be generated by Mighty Corporation over the last two years. However, BIR Commissioner Kim Jacinto-Henares had
291:
In March 2014, the BIR investigated Mighty Corporation for purported underpayment and unpaid tax levies. The BIR opted for the first time in its history, to field its personnel on a 24/7 basis to closely monitor Mighty Corp's operations. However, the tax agency reported no irregularities.
283:
In 2014, a Bureau of Customs (BOC) administrative order suspended the firm's customs bonded warehouse operations to assess and audit raw materials originally intended for export but were subsequently used for domestic production. After the assessment, the company paid a total of
307:
unless they felt the case against them was strong." SEATCA had also scored a Philip Morris-funded International Tax and Investment Centre and Oxford Economics joint report for using a flawed methodology and coming up with skewed findings that support the tobacco industry.
346:
The first one is the allocation of a P10-million peso budget to help modernize tobacco farmers that have no access to modern farming and irrigation equipment as well as a college scholarship program to aide 200 sons and daughters of tobacco farmers across two regions.
29: 229:
The company increased its market share from 3 percent in 2012 to nearly 20 percent in 2013 as a result of consumer down-trading from premium (Marlboro, Lucky Strike, Winston) to low-end brands (Mighty, Fortune). The company endured accusations by rival
319:
Mighty Corporation allegedly used fake tax stamps on cigarette packs, after Bureau of Customs conducted raids on its warehouses. Using taggant readers, they scanned and confiscated cigarette packs with alleged fake excise tax stamps on in
275:
Since the implementation of Republic Act No. 10351 (Sin Tax Law), Philip Morris International (PMI) and PMFTC Inc. accused Mighty Corporation of various issues yet no formal charges or complaint have been filed while the
622: 339:
As devout Catholics, the Wong Chu King family has been active in various educational and apostolic programs together with local churches in helping communities all over the Philippines since its inception.
572: 597: 412: 311:
PMFTC had also resorted to the use of "paid advertisements" to attack Mighty Corporation which violates Section 22 of the Republic Act No. 9211 (or the Tobacco Regulation Act of 2003).
1217: 1334: 1319: 1145: 1329: 343:
In 2014, WCKFI also launched a two-pronged community outreach program geared towards tobacco farmers and their families as an effort to save the local tobacco industry.
626: 1314: 1042: 1324: 576: 1207: 704: 601: 928: 277: 244: 416: 1140: 764: 134:) is a Filipino corporation and was the second largest cigarette manufacturer in the Philippines from 2010 to 2017. On September 8, 2017, 1240: 1192: 1197: 996: 971: 328:
last March 2017 but the company denied the allegations, stating that the confiscated cigarettes used officially issued tax stamps.
398: 1182: 336:
Mighty Corporation is engaged in corporate-social responsibility (CSR) work through the Wong Chu King Foundation, Inc. (WCKFI).
1047: 938: 859: 1293: 127: 732: 1120: 547: 362: 1135: 1069: 647: 1125: 465: 519: 1130: 149:
to the Philippine government as part of the agreement for Mighty Corporation to settle its unpaid tax liabilities.
1245: 1097: 958: 505: 1235: 757: 451: 384: 238: 1172: 1167: 1250: 1212: 1087: 1037: 1011: 437: 676: 533: 661: 1288: 1255: 1059: 900: 807: 302: 1283: 1273: 976: 792: 750: 681: 321: 234:
since the implementation of Republic Act 10351, more commonly known as the "Sin Tax Law", in 2012.
623:"SEATCA scores Philip Morris posturing vs smuggling: 'You're still part of problem, not solution'" 157: 1092: 981: 787: 491: 214: 1177: 1006: 943: 905: 812: 241:(BAT), the smallest player in the Philippine tobacco market, to explore partnership options. 1202: 1079: 1032: 1001: 991: 885: 854: 797: 189: 101: 1187: 1027: 986: 948: 915: 140: 39: 28: 1064: 923: 895: 880: 1308: 966: 849: 260: 135: 551: 1103: 573:"PMFTC restructures cigarette manufacturing operations in Marikina, Philippines" 166: 79: 827: 115: 773: 259:
In 2017, Mighty Corporation completed the sale of its cigarette business to
249: 192:. In 1963, a facility for tobacco threshing and redrying was constructed in 598:"YOSI WARS: Philip Morris HQ tells investors Mighty Corp is dodging taxes" 357: 184:" (sweet blend). In 1948, a second factory was built in Barangay Olympia, 709: 413:"SABI NA NGA BA: BIR says Philip Morris' labor problem is its own making" 325: 207:
and acquired the trademarks of rival Alhambra Industries, Inc. in 1993.
890: 875: 844: 253: 223: 219: 197: 193: 49: 933: 802: 185: 177: 162: 75: 817: 243: 231: 213: 156: 138:
acquired Mighty Corporation's cigarette business in the amount of
1054: 746: 705:"Mighty Corporation: P2-B worth of cigarettes seized not fake" 742: 826: 200:
where the company's processing plant was later established.
438:"British American Tobacco open to beneficial partnership" 145:($ 936 million), paving the way for the full payment of 1218:
Protocol to Eliminate Illicit Trade in Tobacco Products
466:"Palace welcomes P40-B Tax Settlement by Mighty Corp" 1228: 1158: 1113: 1078: 1020: 957: 914: 868: 837: 780: 176:by Wong Chu King with a small cigarette factory in 111: 95: 85: 71: 63: 55: 45: 35: 677:"P2-B cigarettes with fake stamps seized in raids" 506:"Despite fines, no case filed against Mighty Corp" 452:"Global tobacco firm acquires Mighty Corporation" 385:"Global tobacco firm acquires Mighty Corporation" 534:"Mighty downplays STSRO report on illicit trade" 520:"BIR sets tighter monitoring of cigarette firm" 472:. Presidential Communications Operations Office 237:In 2014, the company was engaged in talks with 180:producing a type of native cigarette known as " 648:"PMFTC uses paid ads to 'expose' rival Mighty" 758: 399:"Mighty Corp: 69 years of quality cigarettes" 8: 19: 1335:Privately held companies of the Philippines 1320:Manufacturing companies established in 1945 1208:WHO Framework Convention on Tobacco Control 492:"B BIR assures fairness on cigarette issue" 315:Allegations of using fake excise tax stamps 1110: 765: 751: 743: 733:"Cigarette firm to assist tobacco farmers" 27: 18: 203:In 1985, the company changed its name to 1330:Philippine companies established in 1945 929:Cigarette smoking among college students 172:In 1945, the company was established as 1315:Manufacturing companies based in Manila 375: 161:Mighty Corporation's second factory in 7: 1325:Tobacco companies of the Philippines 1279: 383:Ben O., de Vera (8 September 2017). 1193:Tobacco Master Settlement Agreement 174:La Campana Fabrica de Tabacos, Inc. 1198:Tobacco packaging warning messages 16:Tobacco company in the Philippines 14: 972:Cigarette smoking for weight loss 675:Cervantes, Ding (March 2, 2017). 415:. Interaksyon.com. Archived from 1278: 1269: 1268: 1246:Countries by tobacco consumption 1183:Smoking bans in private vehicles 356: 939:Smoking in association football 131: 1: 625:. Interaksyon. Archived from 600:. Interaksyon. Archived from 550:. ITICnet.org. Archived from 1070:Nicotine replacement therapy 522:. Philippine Daily Inquirer. 508:. Philippine Daily Inquirer. 454:. Philippine Daily Inquirer. 387:. Philippine Daily Inquirer. 1241:Cigarette smoke carcinogens 548:"About. Board of Directors" 1351: 278:Bureau of Internal Revenue 1264: 1173:Plain cigarette packaging 997:Schizophrenia and smoking 824: 575:. PMI.com. Archived from 26: 1188:Tobacco control movement 239:British American Tobacco 1098:Disinformation playbook 662:"Republic Act No. 9211" 1088:Cultivation of tobacco 1038:Heated tobacco product 1012:Tobacco harm reduction 831: 735:. The PHilippine Star. 256: 226: 169: 1294:Electronic cigarettes 830: 247: 217: 211:Tobacco Corporation. 160: 1060:Electronic cigarette 365:at Wikimedia Commons 1168:Cigarette smuggling 1093:Tobacco advertising 977:Nicotine dependence 682:The Philippine Star 23: 982:Nicotine poisoning 832: 536:. Manila Bulletin. 494:. Manila Bulletin. 363:Mighty Corporation 332:Social involvement 257: 227: 205:Mighty Corporation 170: 124:Mighty Corporation 20:Mighty Corporation 1302: 1301: 1178:Legal smoking age 1154: 1153: 1007:Smoking cessation 944:Smoking fetishism 710:Sun.Star Pampanga 361:Media related to 271:Tobacco trade war 263:in the amount of 165:as seen from the 121: 120: 107: 1342: 1282: 1281: 1272: 1271: 1236:Cigarette brands 1203:Tobacco politics 1111: 1080:Tobacco industry 1033:Herbal cigarette 1021:Related products 1002:Sidestream smoke 992:Third-hand smoke 767: 760: 753: 744: 737: 736: 729: 723: 722: 720: 718: 701: 695: 694: 692: 690: 672: 666: 665: 658: 652: 651: 644: 638: 637: 635: 634: 619: 613: 612: 610: 609: 594: 588: 587: 585: 584: 569: 563: 562: 560: 559: 544: 538: 537: 530: 524: 523: 516: 510: 509: 502: 496: 495: 488: 482: 481: 479: 477: 462: 456: 455: 448: 442: 441: 434: 428: 427: 425: 424: 409: 403: 402: 395: 389: 388: 380: 360: 306: 287: 266: 218:Gates at Tikay, 148: 144: 133: 105: 102:Oscar Barrientos 31: 24: 1350: 1349: 1345: 1344: 1343: 1341: 1340: 1339: 1305: 1304: 1303: 1298: 1260: 1224: 1160: 1150: 1109: 1074: 1028:Candy cigarette 1016: 987:Passive smoking 953: 949:Tobacco smoking 910: 906:Vending machine 864: 833: 822: 776: 771: 741: 740: 731: 730: 726: 716: 714: 713:. March 4, 2017 703: 702: 698: 688: 686: 674: 673: 669: 660: 659: 655: 650:. ABS-CBN News. 646: 645: 641: 632: 630: 621: 620: 616: 607: 605: 596: 595: 591: 582: 580: 571: 570: 566: 557: 555: 546: 545: 541: 532: 531: 527: 518: 517: 513: 504: 503: 499: 490: 489: 485: 475: 473: 464: 463: 459: 450: 449: 445: 436: 435: 431: 422: 420: 411: 410: 406: 397: 396: 392: 382: 381: 377: 372: 353: 334: 317: 301: 285: 273: 264: 155: 146: 139: 104: 98: 88: 21: 17: 12: 11: 5: 1348: 1346: 1338: 1337: 1332: 1327: 1322: 1317: 1307: 1306: 1300: 1299: 1297: 1296: 1291: 1286: 1276: 1265: 1262: 1261: 1259: 1258: 1253: 1251:Rolling papers 1248: 1243: 1238: 1232: 1230: 1226: 1225: 1223: 1222: 1221: 1220: 1215: 1205: 1200: 1195: 1190: 1185: 1180: 1175: 1170: 1164: 1162: 1156: 1155: 1152: 1151: 1149: 1148: 1143: 1138: 1133: 1128: 1123: 1117: 1115: 1108: 1107: 1100: 1095: 1090: 1084: 1082: 1076: 1075: 1073: 1072: 1067: 1065:Nicotine pouch 1062: 1057: 1052: 1051: 1050: 1045: 1035: 1030: 1024: 1022: 1018: 1017: 1015: 1014: 1009: 1004: 999: 994: 989: 984: 979: 974: 969: 963: 961: 955: 954: 952: 951: 946: 941: 936: 931: 926: 924:Cigarette card 920: 918: 912: 911: 909: 908: 903: 898: 893: 888: 883: 878: 872: 870: 866: 865: 863: 862: 857: 852: 847: 841: 839: 835: 834: 825: 823: 821: 820: 815: 810: 805: 800: 795: 790: 784: 782: 778: 777: 772: 770: 769: 762: 755: 747: 739: 738: 724: 696: 667: 653: 639: 614: 589: 564: 539: 525: 511: 497: 483: 457: 443: 429: 404: 401:. Mighty Corp. 390: 374: 373: 371: 368: 367: 366: 352: 351:External links 349: 333: 330: 316: 313: 272: 269: 154: 151: 119: 118: 113: 109: 108: 99: 96: 93: 92: 89: 86: 83: 82: 73: 69: 68: 65: 61: 60: 57: 53: 52: 47: 43: 42: 37: 33: 32: 15: 13: 10: 9: 6: 4: 3: 2: 1347: 1336: 1333: 1331: 1328: 1326: 1323: 1321: 1318: 1316: 1313: 1312: 1310: 1295: 1292: 1290: 1287: 1285: 1277: 1275: 1267: 1266: 1263: 1257: 1254: 1252: 1249: 1247: 1244: 1242: 1239: 1237: 1234: 1233: 1231: 1227: 1219: 1216: 1214: 1211: 1210: 1209: 1206: 1204: 1201: 1199: 1196: 1194: 1191: 1189: 1186: 1184: 1181: 1179: 1176: 1174: 1171: 1169: 1166: 1165: 1163: 1157: 1147: 1146:United States 1144: 1142: 1139: 1137: 1134: 1132: 1129: 1127: 1124: 1122: 1119: 1118: 1116: 1112: 1105: 1101: 1099: 1096: 1094: 1091: 1089: 1086: 1085: 1083: 1081: 1077: 1071: 1068: 1066: 1063: 1061: 1058: 1056: 1053: 1049: 1046: 1044: 1041: 1040: 1039: 1036: 1034: 1031: 1029: 1026: 1025: 1023: 1019: 1013: 1010: 1008: 1005: 1003: 1000: 998: 995: 993: 990: 988: 985: 983: 980: 978: 975: 973: 970: 968: 967:Chain smoking 965: 964: 962: 960: 959:Health issues 956: 950: 947: 945: 942: 940: 937: 935: 932: 930: 927: 925: 922: 921: 919: 917: 913: 907: 904: 902: 899: 897: 894: 892: 889: 887: 884: 882: 879: 877: 874: 873: 871: 867: 861: 858: 856: 853: 851: 850:Rolling paper 848: 846: 843: 842: 840: 836: 829: 819: 816: 814: 811: 809: 806: 804: 801: 799: 796: 794: 791: 789: 786: 785: 783: 779: 775: 768: 763: 761: 756: 754: 749: 748: 745: 734: 728: 725: 712: 711: 706: 700: 697: 684: 683: 678: 671: 668: 663: 657: 654: 649: 643: 640: 629:on 2014-09-26 628: 624: 618: 615: 604:on 2015-04-02 603: 599: 593: 590: 579:on 2015-04-02 578: 574: 568: 565: 554:on 2015-02-14 553: 549: 543: 540: 535: 529: 526: 521: 515: 512: 507: 501: 498: 493: 487: 484: 471: 467: 461: 458: 453: 447: 444: 439: 433: 430: 419:on 2015-04-02 418: 414: 408: 405: 400: 394: 391: 386: 379: 376: 369: 364: 359: 355: 354: 350: 348: 344: 341: 337: 331: 329: 327: 323: 314: 312: 309: 304: 297: 293: 289: 281: 279: 270: 268: 265:₱46.8 billion 262: 261:Japan Tobacco 255: 251: 246: 242: 240: 235: 233: 225: 221: 216: 212: 208: 206: 201: 199: 195: 191: 187: 183: 179: 175: 168: 164: 159: 152: 150: 142: 137: 136:Japan Tobacco 129: 125: 117: 114: 110: 103: 100: 94: 90: 84: 81: 77: 74: 70: 67:Wong Chu King 66: 62: 58: 54: 51: 48: 44: 41: 38: 34: 30: 25: 1256:Smoking bans 727: 715:. Retrieved 708: 699: 687:. Retrieved 680: 670: 656: 642: 631:. Retrieved 627:the original 617: 606:. Retrieved 602:the original 592: 581:. Retrieved 577:the original 567: 556:. Retrieved 552:the original 542: 528: 514: 500: 486: 474:. Retrieved 469: 460: 446: 432: 421:. Retrieved 417:the original 407: 393: 378: 345: 342: 338: 335: 318: 310: 298: 294: 290: 286:₱978 million 282: 274: 258: 236: 228: 209: 204: 202: 181: 173: 171: 143:46.8 billion 123: 122: 72:Headquarters 36:Company type 1161:and the law 1141:Philippines 1104:Big Tobacco 1043:Composition 901:Receptacles 869:Peripherals 470:PCOO.gov.ph 167:Pasig River 147:₱30 billion 106:(President) 91:Philippines 87:Area served 80:Philippines 1309:Categories 1159:Government 1114:By country 838:Components 774:Cigarettes 685:. Philstar 633:2015-03-04 608:2015-03-04 583:2015-01-17 558:2015-03-04 476:26 January 423:2015-03-04 370:References 116:Cigarettes 97:Key people 1121:Argentina 860:Additives 793:Fire-safe 664:. GOV.ph. 440:. MB.com. 322:San Simon 305:1 billion 250:Guiguinto 248:AcroCity 1274:Category 1136:Pakistan 798:Flavored 717:March 7, 689:March 7, 326:Pampanga 112:Products 46:Industry 1289:Smoking 1284:Commons 916:Culture 891:Lighter 876:Ashtray 845:Tobacco 813:Menthol 788:Fashion 254:Bulacan 224:Bulacan 220:Malolos 198:Bulacan 194:Malolos 182:matamis 153:History 128:Chinese 64:Founder 56:Founded 50:Tobacco 40:Private 1213:MPOWER 1131:Malawi 934:Loosie 886:Holder 855:Filter 808:Lights 803:Kretek 186:Makati 178:Manila 163:Makati 130:: 76:Manila 1229:Lists 1126:Egypt 818:Beedi 781:Types 232:PMFTC 190:Rizal 1055:Snus 1048:List 896:Pack 881:Case 719:2017 691:2017 478:2019 303:US$ 132:皇冠煙廠 59:1945 22:皇冠煙廠 1311:: 707:. 679:. 468:. 324:, 288:. 252:, 222:, 196:, 188:, 78:, 1106:" 1102:" 766:e 759:t 752:v 721:. 693:. 636:. 611:. 586:. 561:. 480:. 426:. 141:₱ 126:(

Index


Private
Tobacco
Manila
Philippines
Oscar Barrientos
Cigarettes
Chinese
Japan Tobacco


Makati
Pasig River
Manila
Makati
Rizal
Malolos
Bulacan

Malolos
Bulacan
PMFTC
British American Tobacco

Guiguinto
Bulacan
Japan Tobacco
Bureau of Internal Revenue
US$
San Simon

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.