Manny Pacquiao Still Owes US Gov’t P809Mn In Taxes, Says ReportThough he is facing a multi-billion-peso tax evasion case in the country, Manny Pacquiao may be in deeper trouble as a report from the US claims he still owes the American government hundreds of millions of pesos in taxes.
A report from Hollywood site TMZ claims that the US Internal Revenue Service is after Pacquiao for allegedly failing to pay $18 million in taxes.
According to TMZ, they have “obtained official documents which show the IRS claims Manny stiffed the government out of federal income taxes from 2006 to 2010” amounting to “$18,313,668.79” (P809 million).
TMZ says that Pacman failed to pay $1,160,324.30 in 2006, $2,035,992.50 in 2007, $2,862,437.11 in 2008, $8,022,915.87 in 2009 and $4,231,999.01 in 2010.
As you may recall, Pacquiao fought Oscar De La Hoya and two other prize fighters in 2008. His fight with De La Hoya reportedly ensured Manny will be paid $15 to $30 million.
In 2009, Pacquiao knocked out Ricky Hatton and earned $12 million.
This latest trouble, assuming it is accurate, is in addition to the Philippine Bureau of Internal Revenue asking Pacquiao to pay P2.2 billion.
Meanwhile, ABS-CBN News reports that Pacquiao’s lawyer Tranquil Salvador said that the boxer’s camp does not have any record that the IRS is after Pacquiao for failing to pay his tax dues. Salvador also said that they will not discuss the boxer’s tax woes in the country saying, “We likewise stand by the order that we will not discuss the BIR case.”
Furthermore, BIR boss Kim Henares said that the BIR does not have any record showing that the IRS is after Pacquiao.
Henares did not hesitate to give her two cents about the issue. She said that if ever Pacquiao really does owe the US government taxes, it may stem from him having a green card or permanent residency status.
“Kasi if you're a green card holder, if you're a non-resident, you only pay for your US income. But if you're a resident in US, pati ang income mo sa Pilipinas, kailangan i-report din,” she said.
Pacquiao, for his part, says he does not have a green card.
Henares then went on to blame Pacquiao’s camp for the boxer’s troubles.
“Mga contrata at documentation nila hindi ayos,” she said.