Megaworld is correct: it has no tax problem, it has a tax bonanza

 

Taipan Andrew Tan's real estate empire ended 2021 with P14.4 billion in net income, from 2020's P10.6 billion, and 2019's (pre-pandemic) P19.3 billion.

Megaworld's corporate income tax, on the other hand, has shrunk to less than a tenth from its pre-coronavirus level.

See screenshot.