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 Last update:  8/26/2014       Read more by Boxing Clever         
   
Manny Pacquiao Not Concerned With Tax Disputes
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Before WBO welterweight champion Manny Pacquiao accepted a November 22nd fight with Chris Algieri, he had a tax battle to overcome with the Filipino congressman in a dispute with his government, who claimed he owed them millions of dollars.

The fighter insisted he had already paid the required money on his bouts in the United States to the American authorities. It is a dispute that is likely to go longer than twelve rounds, but the boxer insists his ongoing tax disputes will in no way interfere with his Algieri preparations.

''I'm not bothered, you know, I'm not bothered [with] this problem because I never hide [anything], I didn't hide something from the government,'' Pacquiao said. ''I pay my taxes in the States, and they have to honor [that], the Philippines has to honour I'm paying taxes in America."




 User Comments and Feedback (must register to comment)

comment by Ruthless One, on 08-26-2014
Philippine government = corrupt as fvck

comment by tangalog2200, on 08-26-2014
[QUOTE=billeau2]It sounds fishy. Again, as said in the past....there is no reason for the IRS to lock Manny up. Yes they do that but...its counter to them bleeding him. better to have him earn and pay. usually the IRS settlement procedures exist because best to get 2 million dollars on a multimi...

comment by E. O. Wilson, on 08-26-2014
It's not the IRS. Manny paid taxes to the IRS but the corrupt Phillipines government wants their cut so that's the dispute. They probably arbitrarily "invented" a new tax stipulation just for him. If I were Manny I'd say "thank you, goodbye" and move all my cash out of there into a Swiss bank ac...

comment by KingTito, on 08-26-2014
I'm not gonna pretend to know much about economics, certainly the economics in the Phillipines, but it's not a stretch to believe these countries' governments are corrupt. I would imagine if he was doing some illegal shit then a more extreme course of action would have been taken, i.e. an arrest.

comment by Evol, on 08-26-2014
[QUOTE=The Big Dunn]The thing with floyd was he didn't take taxes out of checks he was given for fights-which is his employment. Manny very easily could've taken too little out or none at all. SOmetimes it takes awhile, that's why you are recommended to keep at lest 7-10 years of tax returns.[/QU...

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