Rappler statement on acquittal for tax evasionRappler’s lead counsel Francis Lim said that the acquittal sends a “strong signal” to the international business community on what it means to do business in the Philippines.
“No matter how many laws Congress enacts to entice business, if there’s something basically or fundamentally wrong with the rule of law, then no one will come here in the Philippines to do business,” he added. Duterte falsely claimed that Rappler was unconstitutionally foreign-funded, with his government pointing to Rappler’s PDR issuances to North Base Media and Omidyar Network in 2015. But PDRs do not equate to ownership or control by the PDR holders – they are merely legal instruments that allow foreign entities to invest in Philippine companies, Rappler has held.
“Four years and 10 months, but you got to have faith,” she said, referring to the length of the trial.
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