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On October 29, 2009, the Quezon City government will hold an event that aims to honor its top taxpayers. The “QC Salutes Top Taxpayers” testimonial dinner will be held as part of the city’s 70th founding anniversary.

It’s dubbed as the biggest and grandest taxpayers’ recognition event of the city, which is now being staged on its seventh year. It will be the last time it will be held under Mayor Feliciano Belmonte Jr., who will be completing his third term as QC head on June 30 next year.

Leading this year’s testimonial dinner are Mayor Belmonte, Vice Mayor Herbert Bautista, city treasurer Victor Endriga and the members of the city council will lead this year’s tribute to the top taxpayers at the Grand Ballroom of Crowne Plaza Galleria.

City administrator Paquito Ochoa, who is also the chairman of the QC foundation anniversary executive committee said, “It will be the biggest and the grandest of the yearly awarding ceremonies for the Quezon City’s top taxpayers.” The awarding ceremony this will cover all types of business organizations in line with Belmonte’s goal to recognize more than the usual top 20 corporate taxpayers in the city.

The SM Group of Companies, Manila Electric Co., ABS-CBN Broadcasting Corp., Mercury Drug Corporation, GMA Network Inc., Araneta Group of Companies, Jollibee Foods Corp., Pacific Paint (Boysen) Philippines, IBM Philippines and Citibank, N.A. are among the awardees who have consistently topped the list in the business category for the past five years. Because of that they’ll be earning the title “QC’s Premier Business Taxpayers.”

Aside from the above, 15 more companies will be recognized as top taxpayers in business category for fiscal year 2008. These include Maynilad Water Services, Golden Arches Development Corp. (McDonalds), Nestle Philippines, The Coca Cola Co., and Robinsons Land Corp., among others.

Elevated to QC’s Prime Real Property Taxpayers are SM Prime Holdings, Araneta Group of Companies, Ayala/North Triangle Depot Corp., Robinsons Land Corp., Megaworld Corp., ABS-CBN Broadcasting Corp., Philippine Long Distance Telephone Co., GMA Network Inc., Manila Electric Co., and Nestle Philippines.

Other awardees in the real property category for fiscal year 2008 are Metropolitan Bank and Trust Co., Bangko Sentral ng Pilipinas, Phinma Property Holdings, Pilipinas Makro, Banco de Oro Universal Bank, and 10 more companies.

There are 60,000 business establishments and 400,000 real property taxpayers in Quezon City to day. Their contribution in taxes earned for the city the prestige and recognition of being the richest local government unit in the country for the past six years.