Mighty Corporation Willing to Settle for $60 Million

Mighty Corporation said it will accept President Rodrigo Duterte’s offer for the company to pay $60 million to settle its obligations after authorities discovered its use of fake tax stamps on its cigarette products. Initial estimate of the value of the fake stamps was around $30 million, but finance officials said it could be as much as $300 million prompting Finance Secretary Carlos Dominguez to reject the early settlement proposal

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