Rappler tax evasion acquittal 'good sign' for Philippine business

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Nobel laureate and Rappler CEO Maria Ressa welcomes the acquittal of her fifth and final tax evasion charge, but notes that the free press 'not out of the woods yet'

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

business groups in PHRAPPLER | Philippine & World News | Investigative Journalism | Data | Civic Engagement | Public Interest
Source: rapplerdotcom - 🏆 4. / 86 Read more »