Pacquiao donates $18M from his fight for Philippines Typhoon Relief

floyd once gave a homeless guy a turkey(for the cameras). same thing. to a homeless guy, then where is he gonna cook the turkey? are they eating raw turkey now?

floyd once gave a homeless guy a turkey(for the cameras). same thing. Floyd would have shot the homeless man in the face if he thought one of the turkeys was worth 18 million.

Arum is a cheap B@stard. Pacman needs to sign with GBP once his contract expires. The problem is that his contract with Arum will never expire.

lmao at anyone who believed this this thread seems like a jerk circle of pac fanboys

Basically his entire guaranteed purse from the Rios fight. This is what I read on twitter. Classy guy with a big heart if true. Bullsh.t! It is not happening. Considering Pacquaio didn't get paid $18 million for fighting Rios, this is definitely not true. He has only $25,000 in the bank and cannot pay his staff. If anything, this is just another publicity stunt to distract from his tax problems. Whatever he gets from the Rios fight will go to pay his past due tax bill.

I guess we can assume this is false now lol

The Bureau of Internal Revenue says Pacquiao hasn't proved he paid taxes in 2008-2009. It has assessed that Pacquiao, once one of the world's highest paid athletes, owed 2.2 billion pesos ($50 million) in back taxes as of July. This is ridiculous. They said between 2008-2009 Pacquaio owed $50 million in taxes. They didn't even realize they ordered Pac to pay a tax more than what he earned in that year? This is just like you earned $1000 a month and the government wants you to pay them $1500 tax. BIR and IRS has a treaty preventing their citizens to pay double taxation. Pac said all the money he earned from USA all the taxes were already paid to IRS meaning he doesn't need to pay even a single cent to BIR. Take note, if Pac didn't pay all the taxes in US he needs to pay to the IRS, Pacquiao should already been arrested for tax evading when he came to the US so many times.

Bob Arum’s Statement on Manny Pacquiao’s Tax Issues Hall of Fame promoter Bob Arum issued the following statement regarding reports that Philippine authorities have questioned Manny Pacquiao’s payment of taxes: “Filipino authorities confirmed that Manny is not required to pay double tax. If Manny paid U.S. taxes for fights and endorsements that occurred on U.S. soil, he is not required to pay double taxes in the Philippines. “For each of Manny’s fights that occurred in the United States, including those in 2008 and 2009, Top Rank withheld 30% of Manny’s purses and paid those monies directly to the Internal Revenue Service (IRS) via Electronic Funds Transfer (EFT). Top Rank has deposit confirmations for each payment. Top Rank has done the same for all U.S. endorsements it has facilitated on Manny’s behalf. “Top Rank submitted copies of the EFT deposit acknowledgements to the Bureau of Internal Revenue (BIR) as proof of payment. The BIR received the documents but directed Manny to obtain “certified” documents directly from the IRS itself. “As I am sure people appreciate, obtaining certified copies of documents from the IRS takes time. Manny made the formal request to the IRS and we have every expectation that the necessary documents will be furnished to the BIR very soon.”

this is not true his bank accounts are frozen because he owes so much in taxes this is not true http://espn.go.com/boxing/story/_/id/10038701/manny-pacquiao-says-borrowing-give-typhoon-aid Despite returning like a hero from beating Brandon Rios over the weekend, Manny Pacquiao said Tuesday he has no money to keep his promise to help typhoon victims because Philippine revenue authorities have frozen his bank accounts. The Bureau of Internal Revenue says Pacquiao hasn't proved he paid taxes in 2008-2009. It has assessed that Pacquiao, once one of the world's highest paid athletes, owed 2.2 billion pesos ($50 million) in back taxes as of July. And after visionqwest caught bob and koncz shady numbers bob had pacquiao firing them... That old fart deserves to die of colon cancer, in the pacquiao vs floyd presscon, nauseating all the media with the putrid fumes coming out of his azz...

The only thing I can say is WTF

itd be nice if this was true but it isnt.

Whether this report is true or not, I'm sure Pacquiao is going to do everything in his power to help his people. ya sad part is its prob top ranks fault

Whether this report is true or not, I'm sure Pacquiao is going to do everything in his power to help his people.

this is not true his bank accounts are frozen because he owes so much in taxes this is not true http://espn.go.com/boxing/story/_/id/10038701/manny-pacquiao-says-borrowing-give-typhoon-aid Despite returning like a hero from beating Brandon Rios over the weekend, Manny Pacquiao said Tuesday he has no money to keep his promise to help typhoon victims because Philippine revenue authorities have frozen his bank accounts. The Bureau of Internal Revenue says Pacquiao hasn't proved he paid taxes in 2008-2009. It has assessed that Pacquiao, once one of the world's highest paid athletes, owed 2.2 billion pesos ($50 million) in back taxes as of July.

Did anyone else read this (excellent) article on Manny's finances and life in general last week - http://www.sbnation.com/longform/2013/11/20/5119180/manny-pacquiao-vs-brandon-rios-fight-2013-profile It's obvious where Manny's headed in financial term, but he doesn't seem to care either. Dude just keeps giving his money away.

This forum is so terrible. Five pages in without a source and you people swallow it up. Was literally about to ask this. Is this thread based on one tweet?

This forum is so terrible. Five pages in without a source and you people swallow it up. True or not this is a running theme with this place that really has to change. Like that clown who made the thread claiming his inside sources said Pac-Rios pulled 500k buys without giving a source, and everyone believes it.

but here in Manila the news is....:nonono: Pacquiao borrows P1M for Yolanda survivors MANILA, Philippines – In an ironic turn of events, Filipino boxing hero Manny Pacquiao was forced to borrow at least P1 million for his financial needs, as well as to buy the relief goods that he promised to give to the survivors of super typhoon Yolanda. Pacquiao’s financial dilemma was brought about by the Bureau of Internal Revenue’s (BIR) move to issue a warrant of garnishment, levy and distraint on his bank accounts and real properties. http://www.abs-cbnnews.com/focus/11/26/13/pacquiao-borrows-p1m-yolanda-survivors

LMFAO at the floyd spastics getting pissy about it! Embarrasing.:nonono: It is extremely embarrassing

Pac is still going to be fighting in ten years time. We think this is the end of his career when it's probably just the middle.