Comments Thread For: Pacquiao in Hot Water, Facing Criminal Tax Charges

[W@rri0r]

Oh the irony. There is no way this can be serious I mean c'mon bros Pac is like Jesus only difference is that he fornicates with lots of women and is not as open about it as Tyson.

[AFighter4U]

Oh the irony. There is no way this can be serious I mean c'mon bros Pac is like Jesus only difference is that he fornicates with lots of women and is not as open about it as Tyson.

A more appropriate comparison is tiger woods. He was rather discreet with his indescretions. But the comparison ends there since manny has since owned up to it and moved on.

[AFighter4U]

Pacquiao's an idiot, but this is Philippine tax laws we're talking about. He's not spending a night in jail, although I think he should.

You mean you'd want him to get jail time just for not paying the right taxes, in spite of already being a model tax payer and being one of the biggest tax payer in the region at that?

That's rather harsh.

Manny's already proven to be a good tax payer. I'm sure that he's simply been negligent in checking that he paid the right amount.

[dj Calleti]

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[Eagle Eye]

Alright, calm down. Manny is being investigated by the prosecutors for alleged violation of the Philippine tax code which provides as follows:

'Sec. [266]. Failure to obey summons. — Any person, who being duly summoned to appear to testify, or to appear and produce books of accounts, records, memoranda, or other papers, or to furnish information as required under the pertinent provisions of this Code, neglects, to appear or to produce such books of accounts, records, memoranda, or other papers, or to furnish such information, shall, upon conviction, be fined not less than Five thousand pesos but not more than Ten thousand pesos and suffer imprisonment of not less than one year but not more than two years.'"

His alleged non-submission of documents lead the tax agency to recommend the filing of the above offense. It has nothing to do with whether or not he had declared and paid the correct taxes. In other words, the investigation right now is not for tax evasion BUT for failure to obey summons which by itself is punishable under Philippine law.

[adp023]

Looks like Pacquiao is in trouble for low-balling his earnings like every other wealthy person does in the Philippines. The hypocrisy is that rich people there barely pay any taxes. They all cheat. The chances of a rich person going to jail for murder in the Philippines is next to ZERO. So take a guess on the chances of Pacquiao going to jail or even being charged for tax evasion....

The people that have a hand in this are most likely his political rivals looking to smear Pacquiao's political career. He's given millions to charity, as well. Very unlikely this smear campaign will result in anything.

[edgarg]

Sad seeing any boxer going through that sort of thing, I wish I could laugh at people here who said all kinds of dim witted stuff but I would much rather see a boxer make it which is so rare compared to idiocy here~

I don't think it's sad, because the huge amounts of money that some boxers make is purely obscene. No sporting figure deserves that sort of payment, gouged out of working people's hard earned wages. Even the celebrities and gamblers who attend are using what was originally working peoples' money.

Soldiers risk their lives, and lose them too, for a mere pittance by comparison, even mercenaries.

[edgarg]

No way...Mayweather has smart business people all around him....Al Haymon is a super boss

Al Haymon has been working for him for years, and he still got into IRS trouble a nundred times bigger than Pacquiao's, which has not even been proven to be "trouble". It's merely what we used to call a "fishing expedition". The government want to get something on all friends of the last president.

[clmags12]

Out of Manny's HUGE entourage, there isn't a bookkeeper or accountant of some sort?!

Hopefully, this will be a wake up call to thin the free-loaders- friends or not.

[Eagle Eye]

Looks like Pacquiao is in trouble for low-balling his earnings like every other wealthy person does in the Philippines. The hypocrisy is that rich people there barely pay any taxes. They all cheat. The chances of a rich person going to jail for murder in the Philippines is next to ZERO. So take a guess on the chances of Pacquiao going to jail or even being charged for tax evasion....

The people that have a hand in this are most likely his political rivals looking to smear Pacquiao's political career. He's given millions to charity, as well. Very unlikely this smear campaign will result in anything.

We have yet to determine if he had indeed low-balled his earnings. His earnings abroad have been subjected already to the US taxes, henceforth, he is entitled to tax credits in the Philippines. What is clear right now is that he failed to obey summons that is why he is being sued for that. In the event he decides to submit the requested documents, the complaint will be dismissed outright for being moot and academic. Tax evasion right now is not an issue.