Here’s the suggestion of Arnold Clavio on the funding of the Maharlika Wealth Fund
ARNOLD CLAVIO – The broadcast journalist suggests that the controversial estate tax of the Marcoses amounting to P203 billion should fund the Maharlika Wealth Fund.
The bill establishing the P275 billion Maharlika Wealth Fund (MWF) is being expedited by Congress. The bill was written by several lawmakers, including Speaker Ferdinand Martin Romualdez, a causing of the president, Yedda Romualdez, a representative for the Tingog Party List, and Senior Deputy Majority Leader Sandro Marcos, the president’s son.
According to the proposed plan, the Maharlika fund would assemble P275 billion from banks and government pension funds for the purpose of funding pricey national development initiatives and other assets. It has come under fire from senators, representatives, and economists for having lax management controls and possibly putting pensioners at risk.
On Instagram, Arnold Clavio made a suggestion on how the government can accumulate funds for the controversial Maharlika Wealth Fund. He noted: “P203 B na estate tax … P275 B para sa Maharlika Wealth Fund … hmmm P72 B na lang ang kulang. Puwede na ba ?”
Clavio said that in order to come up with at least billions of money, the government might ask for P100-M from each member of Congress. Clavio is hoping that the Bureau of Internal Revenue (BIR) will speed up the investigation into whether the Marcos family has obligations regarding estate tax.
It can be recalled that was during the previous election when talks about the estate tax of the Marcoses resurfaced. The Marcos camp explained that it is not yet possible to say that their tax debt is P203-B because the case is still being litigated. Marcos also said that it is better to reopen the said case so that it can be resolved.
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