Topic: Manny Pacquio Bank Accounts Frozen by BIR

[bouya harumichi]

Philippines – Boxing idol Manny Pacquiao, who scored a unanimous victory over American Brandon Rios in their World Boxing Organization (WBO) international welterweight title fight last Sunday in Macau, suffered a setback at home when the Court of Tax Appeals (CTA) ordered his bank deposits frozen over a P2.2-billion tax case.

The tax court’s First Division issued the freeze order some two weeks ago but it was only known yesterday, a day after Pacquiao’s emphatic win. The boxing icon’s lawyers had earlier protested before the CTA the warrant of garnishment (WG) issued by the Bureau of Internal Revenue (BIR), attaching his personal assets that included his bank deposits.

The BIR normally issues WG to prevent delinquent taxpayers facing court suits from disposing of his or her assets during the trial.

US Income Unreported

The tax case arose from the alleged failure of Pacquiao’s accountant to report in his income tax returns (ITR) the multi-million-dollar taxes collected by the US Internal Revenue Service (IRS) from his prize winnings for the years 2008 to 2009.

Pacquiao said the assessment, which included interests and surcharges, was “arbitrary,” stressing he could not afford to pay the assessment because it was more than his net worth.

BIR lawyers said, however, that the tax debts have become “demandable, executor, and collectible” because the solon allegedly ignored to answer the final assessment notice (FAN) sent to him, which expired 30 days after receipt as provided for in the Tax Code.

Revenue officials explained that as a Filipino citizen, Pacquiao, a congressman representing Sarangani province, is required to declare in his ITR all his earnings, including those derived from abroad.

$28M Earned In 2008, 2009

Records show that the boxing icon earned more than $28 million in prize money for successfully defending his various titles against Juan Manuel, David Rios, Oscar de la Hoja in 2008, and Ricky Hatton and Miguel Cotto in 2009.

Of the amount, the IRS collected $8.4 million or roughly about P395 million.

Pacquiao declared he did not include remittances to IRS in his returns due to the existing bilateral tax treaty agreement between Manila and Washington, which stipulates that income tax paid by Filipinos in the US is creditable against his income tax liabilities here.

He added that what he remitted to the BIR was the value-added tax (VAT) amounting to P12 million to cover P114 million earnings from endorsing at least 14 products.

He argued that the BIR assessment has no legal force because it was based on “best obtainable sources.”

He accused revenue probers of ignoring the financial reports submitted by his promoter, Top Rank Promotions and other actual transaction documents, relying only on the so-called “best obtainable evidence rule.”

[AndrewSturm]

Magagalit si Janet Napoles sayo nyan Manny..

[kenji_kulet]

di ko ma gets bakit kelangan nila lagyan ng tax ang panalo na pera ni Manny?

like in Vegas , may tabas na ng tax yung pera nya kasi sa Vegas nya kinita yun 

hindi naman 100% nya binayaran yun , at least 10-20% ang nawawala doon

[zensuke101]

kawawa naman si pacman
sa mga nangyayari
politician ka kasi
yan ang mundo politics

[Valvatorez]

Masyadong bloated yung claim nung BIR.
Crocodiles are hungry. 

[Havoc81]

kailangan na daw ng pera ng mga buwayang senador kaya ganyan..

[Master Dave]

Kasalanan ni Manny yan, di kasi sya nag-courtesy call o dumaan muna sa Malacañan pagkapanalo tulad nung panahon ni GMA..

[-=Kurabo=-]

di ko ma gets bakit kelangan nila lagyan ng tax ang panalo na pera ni Manny?

like in Vegas , may tabas na ng tax yung pera nya kasi sa Vegas nya kinita yun 

hindi naman 100% nya binayaran yun , at least 10-20% ang nawawala doon

ang alam ko kasi bukod yata ang tax sa US at sa Pinas kapag ang purpose ng trabaho mo is to entertain

[Pall-Eren-Mnr]

utang na loob. kung ang IRS walang makitang problema sa pagbayad ni pacquiao sa taxes sa america, saan parte ng impyerno nakuha nina henares na hindi nakabayad si pacquiao sa pinas ?!

nakakabwiset na, tangina.

[MiKeDaCuTe]

ok na ok yung timing talaga ng BIR.. kagagaling lang sa panalo ni manny kaya alam nilang may pangbayad... 

[Master Dave]

From Manny:

[bobotnaman]

anak ng teteng talaga tong mga hinayupak na to!!!!! pakulo ng grupo ni PNoy yan para malihis sa PDAF at DAP ang issue!! dapat nga TAX free yan dahil parang OFW naman ginagawa ni Pacquiao, naguuwi siya ng dollars dito sa Pinas.

[bouya harumichi]

Court. Of Tax appeals pinabulaanang pinafreeze nila ang bank accounts ni Manny

[youtube] http://www.youtube.com/watch?v=afpGJt5dMgM [/youtube]

..

Sino naman kaya ang magpapafreeze?? Lintik na BIR at CTA..
Kung hindi nagbabayad ng tamang buwis sa America si paquiao nakulong na sana siya doon..
Ang daming mga buwayang pulitiko dyan na hindi nagbabayad ng tamang buwis. Yun ang habulin nila.. sina Tanda,  sexy at pogi dapat ung mga un ang ifreeze ang mga account nila dahil nakaw sa kaban ng bayan ang mga pera nila, 



Federal Tax Liens

Whenever you owe taxes to the U.S. Treasury and don’t pay, a claim against you by the federal government arises by law. (Internal Revenue Code § 6321.) This claim is called a tax lien. The existence of the government’s claim is not public information—at least initially—and so it is sometimes called a “secret” or “statutory” or “automatic” lien.

The tax lien automatically attaches to just about everything you own or have a right in. If you owe interest and penalties on the tax, which is often the case, the lien covers these amounts as well.

States may also have tax lien rights; those aren’t covered in this book.

Notice of Federal Tax Lien

If the IRS sends you a valid tax bill and you don’t pay it, you may receive a written demand to pay. This paper is called a CP-501 notice, referring to the IRS number on the right-hand corner. If you don’t pay within 30 days, the IRS has to the right to file a notice in the public records showing your tax debt. This paper is officially called a Notice of Federal Tax Lien. The IRS files over 500,000 notices each year in the county and/or state public records offices where you live, work, or own real estate. In the few states without county recording systems, the IRS sends the Notice of Federal Tax Lien to the secretary of state’s office. The state or county fee for recording the tax lien is paid by the IRS and added to your bill.

The IRS does not check first to see if you actually own real estate before recording the lien notice. It has no reason to. Even if you don’t own property now, you might later and the IRS gets first dibs on the proceeds from its sale or financing.

[rodeo]

hindi kaya ang maykasalanan nito financial adviser ni manny pacquiao ?  Bloated ang BIR claims ng kanyang earnings ang hinihingi lang ng BIR is  copy ng ITR ng IRS para maitama ang records. According kay manny hindi niya dineclare sa returns niya ito dahil na tax na ng IRS in short hindi man lang siya nagprovide sa BIR ng evidence para hindi na siya itax for this.  Masakit man sa ulo/ intindihin pero kung alang black and white talagang hahabulin ka lalo nat nakikita sa tv na halos aabot ng billion kinita mo at ala ka man lang declaration.

[frigate]

Bloated talaga kase walang batayan ang BIR kung magkano talaga kinita ni Pacquiao.  Ang dapat sisihin dyan accountant or financial adviser ni Pacquiao ipakita nya W2 nya tapos ang boksing.  Yun lang ang hinihingi ng BIR hindi yung puro hearsay o kaya personal letter from top rank.  Saka dapat hindi na si Pacquiao sumasagot nyan kundi financial adviser nya napanood ko interview nya puro sabi nyang original copy ang hinihingi ng BIR which is original na ano?  Ang hindi ko maintindihan eh bakit hindi ipakita ng accountant ni Pacquiao yung W2 nya sa Pinas?

[kenji_kulet]

ang alam ko kasi bukod yata ang tax sa US at sa Pinas kapag ang purpose ng trabaho mo is to entertain

kung ganun kawawa pala yung mga artista na nag international show di naman ganun kalaki ang nakukuha nila sa mga shows nila sa abroad

[bouya harumichi]

From Facebook

Dear Kim Henares,

I do not doubt your sincerity to collect taxes from every Filipino, living or dead. I do not even doubt your integrity in making sure that you are able to collect the proper taxes from everyone. I am however questioning your motives and arbitrary choice in the personalities you choose to prosecute. I am going to cite one particular person who has been on the BIR's radar as a perennial

tax evader for the last 20-years with cases going in and out of court.His name is Lucio Tan and he owes the country more than 5-billion pesos in tax liabilities decided on numerous times by the Supreme Court as executory stand final and yet no garnishment order was ever made until his petition in the SC reversed their decisions time and again. Lucio Tan was never known for his philanthropy or good business practices. He authored the contractualization of PAL and Asia Brewery employees which was not only detrimental to Filipino Labor but also to taxes that could be collected from these workers had they been regular employees. Lucio Tan is also accused of ill-gotten wealth from his Marcos days, and yet he continues to enjoy his money. Congressman Manny Pacquiao's case is not even at the High Court and his earnings have already been garnished. You have been given certified true copies of Pacman's tax payments in the US and yet you refuse to recognize this and insist on originals which I believe, but I may be mistaken, even ?US citizens have no access to. And to think that Pacquiao earned his money through honest, literally blood, sweat and tears. And he is one of about ten persons who insist in keeping his money in the Philippines because he is a patriot. He could have stashed it somewhere you cannot reach it if he had things to hide, but he kept it here, so our economy can make use of it. You cannot even freeze the money of politicians involved in the PDAF scam but you can do this to an ordinary man who managed to rise above all of you through hard work, guts, integrity and the work of his own hands. And that is why your integrity is rapidly being eroded, because you don't seem to think anymore. You just grab the first victim that cannot fight you. Because even if Pacquiao is a Congressman, he is not connected to the old boys club and so does not have the clout of the Tan's, Sy's, Dy's and others. Oh, and Lucio Tan did give over 100 million to Noynoy's election kitty while Pacquiao was with the opposition. I guess we know now the motivations don't we? Yours disgustedly, Your Boss's Boss

[d_sinner78]

Ang pinagkaiba ni Lucio Tan at Pacquiao e ung mga accountant at abogado ni Lucio Tan e aktibong sumasagot sa mga reklamo ng BIR.

Kasalanan talaga ng namamahala ng finances ni Pacquiao yan. Dapat hindi nila palalampasin ung mga deadline. Dahil once lumampas un, limited na ung mga legal remedies mo.

AFAIK, hindi pde mag-freeze ng assets ang BIR kng walang court order so hindi ko alam kung paano nila na-enforce un. At kung may enforceable court order naman ung BIR, again, dapat naanticipate na ng financial advisers or abogado ni Manny yun.

From Facebook

Dear Kim Henares,

I do not doubt your sincerity to collect taxes from every Filipino, living or dead. I do not even doubt your integrity in making sure that you are able to collect the proper taxes from everyone. I am however questioning your motives and arbitrary choice in the personalities you choose to prosecute. I am going to cite one particular person who has been on the BIR's radar as a perennial

tax evader for the last 20-years with cases going in and out of court.His name is Lucio Tan and he owes the country more than 5-billion pesos in tax liabilities decided on numerous times by the Supreme Court as executory stand final and yet no garnishment order was ever made until his petition in the SC reversed their decisions time and again. Lucio Tan was never known for his philanthropy or good business practices. He authored the contractualization of PAL and Asia Brewery employees which was not only detrimental to Filipino Labor but also to taxes that could be collected from these workers had they been regular employees. Lucio Tan is also accused of ill-gotten wealth from his Marcos days, and yet he continues to enjoy his money. Congressman Manny Pacquiao's case is not even at the High Court and his earnings have already been garnished. You have been given certified true copies of Pacman's tax payments in the US and yet you refuse to recognize this and insist on originals which I believe, but I may be mistaken, even ?US citizens have no access to. And to think that Pacquiao earned his money through honest, literally blood, sweat and tears. And he is one of about ten persons who insist in keeping his money in the Philippines because he is a patriot. He could have stashed it somewhere you cannot reach it if he had things to hide, but he kept it here, so our economy can make use of it. You cannot even freeze the money of politicians involved in the PDAF scam but you can do this to an ordinary man who managed to rise above all of you through hard work, guts, integrity and the work of his own hands. And that is why your integrity is rapidly being eroded, because you don't seem to think anymore. You just grab the first victim that cannot fight you. Because even if Pacquiao is a Congressman, he is not connected to the old boys club and so does not have the clout of the Tan's, Sy's, Dy's and others. Oh, and Lucio Tan did give over 100 million to Noynoy's election kitty while Pacquiao was with the opposition. I guess we know now the motivations don't we? Yours disgustedly, Your Boss's Boss

[Belphegor]

sa interview kay Bob Arum (kaninang umaga ata), sinabi nya na ang gusto ng BIR eh Certified True Copy from the U.S IRS na bayad nga si Paquiao ng taxes nya sa U.S (30% of anything he earns in the U.s). and bob even explained how they pay the IRS, which is through wired bank transactions. ang naipapa-kita ng kampo ni pacman sa BIR ay parang resibo ng transactions nina arum sa IRS.
at sabi ni arum, kung gusto ng BIR ng certified true copy, sa IRS sila humiling, kasi sila lang ang may copy nun. and arum even said 2010 nag-request na din ang BIR sa IRS ng kopya pero wala pa din naipapadala ang IRS kaya wag daw si manny ang ipitin ng BIR dahil kahit baliktarin si manny, wala sya kopya nung certified true copy na gusto ng BIR.
saka gaya ng sabi ng marami, ang dami daming "tax evaders" sa pinas, 1990's pa ang kaso, pero bakit hindi sinisita ng BIR, namumukod tanging si manny ang nakikita nila ngayon.
ewan. ang gulo gulo nila.
tax here, tax there, tax everywhere na napupunta sa ewan din.

[abdul jahkool]

http://anc.yahoo.com/news/bir-to-pacquiao--don-t-use-bir-as-excuse-011857348.html

“I just want to clarify, the only thing I object in all this statement. He’s making it appear that he cannot pay his staff’s salary, he cannot continue scholarships, he cannot give relief to the Yolanda victims because of us. But the only thing we have of his money is P1.1 million. So how can he say that he cannot do all these things because we have all his money?” Henares said in an interview with ANC’s Headstart.

===============================================================================
I will give both camp the benefit of the doubt. For there is a million ways in solving the proble. True that Pacquiao is one of Filipino's rug to riches story and I salute him for that. However, if BIR wants certified true copy of the IRS, certainly there are people in Pacquiao's camp that can get that copy. BIR's timing certainly raised our eyebrows, but someone, somewhere that can do the job done. Pacquiao's camp should cooperate since they have the burden of proof in thier hands.

[-=Kurabo=-]

The only time mananahimik ang BIR ay kapag sinampal niya s amuha nila ang bayad niya sa tax, tingin ko naman sa yaman ni Pacquiao kaya niyang gawaan ng paraan

[dweizz]

kailangan matutunan ni pacquiao sa mga tan sy villar zobel gokongwei ayala etc kung paano tax avoidance(hindi tax evasion)... naalala ko dati pinalabas sa tv patrol yung top 10 most paid taxes sa pilipinas... hindi mo sila makikita sa top 10... parang top 1 ata noon yung may ari ng mercury drugs...

[d_sinner78]

In fairness to the BIR, hindi lang si Manny ang hinahabol nila. They have started this campaign of going after high profile earners, mostly mga artista, for quite a few years now. Mas madali humabol ng mga artista kasi usually makukuha nila from other sources kung magkano ung kinita.

I don't know kung ie-entertain ng IRS ang request ng BIR because the IRS has no obligations to serve BIR. Pero kung certified copy lang ng IRS ang kailangan ng BIR, pde irequest ni Manny yan online and in 10 days or less, ipapadala sa kanya ung copy.

With the money he is receiving from fights, endorsements and businesses, I'd assume na may accountant at lawyer naman si Manny to advise on these matters. Hindi na dapat abutin pa ung deadline.

I do agree though na parang mali ang timing, not because "kakapanalo" lang ni Manny, but because from what we know of Manny, tutulong at tutulong yan sa mga nasalanta ni Yolanda.

sa interview kay Bob Arum (kaninang umaga ata), sinabi nya na ang gusto ng BIR eh Certified True Copy from the U.S IRS na bayad nga si Paquiao ng taxes nya sa U.S (30% of anything he earns in the U.s). and bob even explained how they pay the IRS, which is through wired bank transactions. ang naipapa-kita ng kampo ni pacman sa BIR ay parang resibo ng transactions nina arum sa IRS.
at sabi ni arum, kung gusto ng BIR ng certified true copy, sa IRS sila humiling, kasi sila lang ang may copy nun. and arum even said 2010 nag-request na din ang BIR sa IRS ng kopya pero wala pa din naipapadala ang IRS kaya wag daw si manny ang ipitin ng BIR dahil kahit baliktarin si manny, wala sya kopya nung certified true copy na gusto ng BIR.
saka gaya ng sabi ng marami, ang dami daming "tax evaders" sa pinas, 1990's pa ang kaso, pero bakit hindi sinisita ng BIR, namumukod tanging si manny ang nakikita nila ngayon.
ewan. ang gulo gulo nila.
tax here, tax there, tax everywhere na napupunta sa ewan din.

[leightot]

advise ko kay Manny, magbayad siya ng tax nya 2.2billion na BENTESINGKO ahahahahahah! tamang troll sa BIR. 

[frigate]

Kasalanan ng accountant ni Manny yan why is he surrounded by the wrong people?  Ang laki ng kinikita nya bakit di sya mag hire ng top caliber accountant sa US at sa Pilipinas.  Dapat hindi sya ang sumasagot sa mga yan iba talaga pag corporate at individual dapat mag demand sya sa mga tao nya na ayusin lahat yan dahil sya ang nadidiin pinapasweldo nya mga tao nya ayusin nila trabaho nila.
Mukhang di naman nya tatakbuhan ang mga obligasyon nya eh nasa tamang pag pa file lang ng tax wag na kasi mag asam pa mga tao nya na mag pad ng numbers at bayaran na lang nararapat tapos ang usapan.