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In this task, you are required to prepare a tax case analysis based on the recent controversial hearing on ABS-CBN's franchise renewal in the Philippines.

In this task, you are required to prepare a tax case analysis based on the recent controversial hearing on ABS-CBN's franchise renewal in the Philippines. You are required to state the facts and make your opinion(s) regarding the income tax compliance of the said TV network based on available and reliable articles and videos.

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