Less than half of the 100 biggest corporations in the country are top taxpayers, the Bureau of Internal Revenue said. According to BIR’s latest Tax Watch ad released March 19, only 39 out of the top 100 corporations identified by the Securities and Exchange Commission (SEC) were among the top 500 corporate taxpayers in 2012. SEC’s list was based on gross revenues. BIR’s list was based on income taxes paid. On top of the taxpayers’ list is Meralco followed by Petron.
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