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On November 23rd in Macao, China, Manny Pacquiao will have his first overseas fight since a 2006 decision victory over Oscar Larios in Quezon City in Manila. Next month he will battle Brandon Rios, who moves up from junior welterweight to take the fight. Pacquiao's decision to stage his next fight overseas was motivated by the heavy taxation that he faces when fighting in the United States.
"The one thing we had going for us, you have to remember, is the tremendous savings, as far as Manny Pacquiao is concerned, is he doesn’t have to pay U.S. taxes at 39.6%, so any arithmetic that we did, how well we would do or how well we wouldn’t do, had to take into account the enormous tax savings. As far as Brandon Rios is concerned, we are American citizens and we have to pay taxes on our share of the money. For Manny it makes an enormous difference," Arum said.
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"The one thing we had going for us, you have to remember, is the tremendous savings, as far as Manny Pacquiao is concerned, is he doesn’t have to pay U.S. taxes at 39.6%, so any arithmetic that we did, how well we would do or how well we wouldn’t do, had to take into account the enormous tax savings. As far as Brandon Rios is concerned, we are American citizens and we have to pay taxes on our share of the money. For Manny it makes an enormous difference," Arum said.
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