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

[croz]

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.

[Wesker115]

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?

[Dr Rumack]

Did anyone else read this (excellent) article on Manny's finances and life in general last week - http://www.sbnation.com/longform/201...t-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.

[Cinci Champ]

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...ve-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.

[Public_Enemy]

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

[Cinci Champ]

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

[Kagami Taiga]

itd be nice if this was true but it isnt.

[torosboxing75]

The only thing I can say is WTF

[controlmachete]

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...ve-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...

[PTM]

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.”