Manny, bob, and Michael facing jail?
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While I agree...I also think a lifetime tax exempt would change everything. the US can never match that, they always gonna want their cut. There would have to be a long look taken at the upside of staying out of the US the rest of his career and taking the hit to his PPV #'s in exchange for the tax relief. a couple unknowns to me on this are china's tax code and how they would respect an exempt status from the phillipinnes. Also whether they can actually have the chinese buy ppv's eventually.
If he can't get the exempt in the Phillippines, he has to fight in the states again to stay afloat, imo. he can probably bargain the IRS down to about 8-10 mill out of his next purse, on top of what new percentage the IRS takes. its not great, but after paying his team, promoter and the IRS, he could possibly break even at that point going forward.Comment
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Totally reasonable argument. One thing I feel like everyone on this thread is missing is mannys actual options at this point. He has no options, they will tell him his options. Paying the bill might be futile, he is in danger territory based on the amount, and the duration. Legally his goose is cookedWhile I agree...I also think a lifetime tax exempt would change everything. the US can never match that, they always gonna want their cut. There would have to be a long look taken at the upside of staying out of the US the rest of his career and taking the hit to his PPV #'s in exchange for the tax relief. a couple unknowns to me on this are china's tax code and how they would respect an exempt status from the phillipinnes. Also whether they can actually have the chinese buy ppv's eventually.
If he can't get the exempt in the Phillippines, he has to fight in the states again to stay afloat, imo. he can probably bargain the IRS down to about 8-10 mill out of his next purse, on top of what new percentage the IRS takes. its not great, but after paying his team, promoter and the IRS, he could possibly break even at that point going forward.Comment
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I don't take any thread you post seriously. Sum it up for me I'm not reading every page before this.
And for the record every thread you make sticks out brother.Comment
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