Manny not fighting in US for tax reasons?

[junior gong]

Just picked this up from BBC news... anyone know what the story is here? It doesnt say very much in the story, just that its for tax reasons. I'm wondering if thats why promoters are looking at doing shows in tax havens..

http://www.bbc.co.uk/sport/0/boxing/22013931

*note - I know i expect the usual flojob ******s to use this as an opportunity to claim that multi millionaire Pacquiao is somehow on the bones of his arse, but please save yourself the bother because that isnt the purpose of this thread and you will only end up making yourselves look like pricks. Thanks.

[puga]

jmm has the same stance .. they dont wanna pay 40% of their purses...

i mean can you really blame em , i dont mind paying taxes but imagine them taking away almost half of it...

[Hougigo]

jmm has the same stance .. they dont wanna pay 40% of their purses...

i mean can you really blame em , i dont mind paying taxes but imagine them taking away almost half of it...

Even more for them since they're nationals of different countries... so more than half

[-PBP-]

I've heard Arum bring it up. He was planning to have Pac/Marquez 5 in Mexico City, Dubai or Macau.

[lfc19titles]

Us are becoming a joke on tax like the uk, we already force sportsman out of this country due to our insane tax rules (yes it got relaxed a tiny bit in the last budget)

there should be a special sport rate tax that can be applied if it positively affects the economy

[puga]

Even more for them since they're nationals of different countries... so more than half

really ? even worse then

[lfc19titles]

dubai would be epic, they do everything better than the rest, their football and cricket stadiums are best in the world. I can only imagine what stops they would pull out to get a big fight

[B.U.R.N.E.R]

Athletes don't like paying higher taxes? Is this news. Can't blame him.

[The Big Dunn]

a similar article is on yahoo. it says that Nevada is changing its tax rate to about 39.6%. SO manny would make less per fight in china but keep more of it. SO instead of $25 mil in vegas and getting $15 mil, manny will get $20 mil in china and keep almost all of it. Reasonable and a smart business move.

I will assume Manny and his team are being genuine about the money (which many of his fans swore he didn't fight for). There is also something else going on in Nevada.

The Nevada comission is looking into making their drug testing more stringent. Instead of allowing a 6:1 testosterone ratio (I believe) they are changing it to 4:1. It may just be accidental timing but it bears noting that manny and his team are discussing moving completely to Asia at a time when the Vegas and the US is making testing more stringent.

Why the TS wants to avoid discussing it, the yahoo article discusse how this gives manny the opportunity to fight lower profile fighters for easy money.

[Hougigo]

really ? even worse then

Yea because I know Manny still has to pay up to the Philippines as well.... at least that's what I read somewhere