BJPENN COM

MMA News

Tuesday, 11/26/2013, 10:16 am

Comments

Manny Pacquiao’s Bank Accounts Frozen – Allegations Of Tax Evasion Surface

Riddick Bowe. Evander Holyfield. Mike Tyson.

What do all of these boxers have in common?

They all won millions upon millions of dollars in their lifetimes, and they all ended up broke. And if Manny Pacquiao isn’t careful, he could be the next boxer to join the club.

According to a report from Yahoo Sports, “Pac man” has had his bank accounts frozen by the Philippines tax bureau, after he allegedly failed to pay his taxes for the fights he had in the United States from 2008 through 2009. This includes his most recent winnings, an $18 million dollar payday for his win over Brandon Rios, last Saturday night.

Pacquiao had this to say:

“This is harassment. I am not a criminal or a thief. I am not hiding anything. I will face my problems as they come. I have already paid my taxes in America. Had I not paid the correct taxes they (US authorities) would have come after me and I would not have been able to travel there.”

People with dual-citizenship (like Pacquiao) are exempt from paying taxes in both countries, but apparently this won’t help “Pac Man”, as his local tax bureau has rejected the documents which would prove he’s already paid his US taxes.

Until Pacquao can sort this out, he will be living like us common folk.

Poor guy.

 

comments

0 Comments to Manny Pacquiao’s Bank Accounts Frozen – Allegations Of Tax Evasion Surface

  1. UFC 84 Forever says:

    As a proud Filipino it’s pretty clear to me the government is fucking him over for his money. He’s done so much for the Philippines yet they still take more. Truly sad.

  2. Chunks Key says:

    Pacquiao is not a dual citizen. However the US and the Philippines have a tax treaty wherein once taxes are paid in one country, the other shall no longer levy the same tax in order to avoid double taxation.

    For those not in the loop, Manny is a congressman whose political party allegiance is opposite to that of the current Aquino administration hence the harassment.

  3. Chunks Key says:

    Pacquiao is not a dual citizen. However the US and the Philippines have a tax treaty wherein a taxpayer in one country shall not have to pay the same tax in the other to avoid double taxation.

    For those not in the loop, Manny is a congressman whose political party alliance is opposite to that of the current Aquino administration hence the harassment.

  4. Toinks says:

    BIR, the tax agency of the Philippines is truly corrupt. It is the attack dog of the Aquino administration. It is worse than the mafia and the yakuza combined because of their truly sinister intent against the whole Philippine population.

    Manny is a threat to them because he has become so popular. You can see that the faces of typhoon victims literally light up when they saw him on television. They seem him as a friend and as a hero.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>