I seriously cannot understand why many people celebrate ABS’s shutdown. So, here’s a quick thread to hopefully enlighten you. ☀️
1️⃣ Your argument re: tax violations finds no grounds. Earlier this year, BIR & SEC certified to the effect that ABS incurred no such liabilities.
2️⃣ Your argument re: ABS’s noncompliance with franchise terms finds no grounds. No less than a Senate committee found that ABS has not breached any of its franchise terms, including labor conditions (certified by DOLE) and taxes (certified by BIR).