President congratulated BIR Commissioner Parayno

The President congratulated Bureau of Internal Revenue (BIR) Commissioner Guillermo Parayno for having issued warrants of garnishment on the bank accounts of top four auctioneers of imported cars at the Subic Bay Freeport Zone.

This was after Parayno reported to Mrs. Arroyo that P944 million in "foregone revenues" were accounted for by three of the four auctioneers who were caught violating BIR circulars on the taxation of motor vehicles that enter through the freeport zone and are sold at public auctions.