Business groups have quietly alerted Malacañang Palace to an open-ended congressional inquiry that they consider a risk to their operations because it is forcing the Department of Finance (DOF) to release its sensitive database on the operations of companies applying for tax credits.
While Congress has the power to require an Executive office to submit records and pertinent documents when Congress performs policymaking and oversight functions, the demand by Rep. Arnulfo Fuentebella for the DOF’s One-Stop Shop (OSS) Tax Credit and Duty Drawback Center to release to his office its entire database could jeopardize the welfare of private businesses, according to highly reliable sources.
Efforts to reach the center’s executive director Ernesto Hiansen at the weekend were in vain, but the sources said Hiansen was reluctant to release the database to the committee because Fuentebella had made very sweeping claims of “continuing anomalies” in the tax-credit system without giving specifics.
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While Congress has the power to require an Executive office to submit records and pertinent documents when Congress performs policymaking and oversight functions, the demand by Rep. Arnulfo Fuentebella for the DOF’s One-Stop Shop (OSS) Tax Credit and Duty Drawback Center to release to his office its entire database could jeopardize the welfare of private businesses, according to highly reliable sources.
Efforts to reach the center’s executive director Ernesto Hiansen at the weekend were in vain, but the sources said Hiansen was reluctant to release the database to the committee because Fuentebella had made very sweeping claims of “continuing anomalies” in the tax-credit system without giving specifics.
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