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Author Topic: Pacquiao owes IRS $18 million...  (Read 2345 times)

DesperadO

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Pacquiao owes IRS $18 million...
« on: December 10, 2013, 10:40:56 pm »

MANILA, Philippines – Manny Pacquiao’s tax woes are apparently not confined to the Bureau of Internal Revenue.

A report by entertainment website TMZ says Pacquiao owes the US Internal Revenue Service a total of $18,313,668.79 in back taxes for his fights from 2006 to 2010.

TMZ, citing official documents, included a breakdown of back taxes:

2006 – $1,160,324.30
2007 – $2,035,992.50
2008 – $2,862,437.11
2009 – $8,022,915.87
2010 – $4,231,999.01

From that span, Pacquiao fought a total of 11 times in the US – against Erik Morales (twice) in 2006, Jorge Solis and Marco Antonio Barrera in 2007, Juan Manuel Marquez, David Diaz and Oscar De La Hoya in 2008, Ricky Hatton and Miguel Cotto in 2009, and Joshua Clottey and Antonio Margarito in 2010.

Interesting to note is his massive showdown with Dela Hoya, wherein Pacquiao reportedly took home up to $30 million in purse. A good portion of his fights from that period also sold good on pay-per-view and live gate receipts.

The IRS issue comes as Pacquiao is currently waging a separate battle with the BIR, which claimed the boxer owes the government $50 million in taxes from 2008 to 2009. This led to Pacquiao’s local bank accounts being frozen amid the fighting congressman’s claims that he had paid his taxes in the US instead, where the fights in question took place.

http://www.philstar.com/headlines/2013/12/11/1266850/report-pacquiao-owes-irs-18-million

TobleRONe

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Re: Pacquiao owes IRS $18 million...
« Reply #1 on: December 10, 2013, 11:12:31 pm »
dumating na ba yung sinasabi ni Arum na pinadala nyang kopya ng tax returns ni manny?

here's added link/source from TMZ:
http://www.tmz.com/2013/12/10/manny-pacquiao-irs-tax-united-states-18-million/
« Last Edit: December 10, 2013, 11:16:30 pm by TobleRONe »

kenji_kulet

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Re: Pacquiao owes IRS $18 million...
« Reply #2 on: December 10, 2013, 11:36:16 pm »
if this is true edi parang ngyari kay Mayweather lang yung ngyari sa kanya?

IRS can say OK don't pay us today , but  in the next fight they will get your money

just like Mayweather , he didn't pay the IRS so lumaban sya and the whole money goes to the IRS

bouya harumichi

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Re: Pacquiao owes IRS $18 million...
« Reply #3 on: December 11, 2013, 12:51:59 am »
A congressman who just knew how to box, cannot even fix his own entourage who is robbing him of his hard earned money, and hes actually dreaming of becoming a president someday,  ;D

Tama nga ung sinabi ng visionquest accounting firm sa america.. db kinuha nia dati service nila para mag audit ng mga expenses nia.. pero they were fired by arum and koncz.. a stupid person will always be stupid unless he learn something.. hehehe
"If you don't know defeat, it's just because you have only ever been picking on people that weaker than yourselve. There's a word for that: embarrassing!"

schwack

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Re: Pacquiao owes IRS $18 million...
« Reply #4 on: December 11, 2013, 01:44:55 am »
Parang medyo tama yung kuro kuro ko sa isang topic about sa Top Rank and payments nila sa IRS ahhh..

BlueAlphaZero

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Re: Pacquiao owes IRS $18 million...
« Reply #5 on: December 11, 2013, 03:19:27 am »
I do recall reading somewhere that it was Manny's business manager Michael Koncz who fired his former conditioning coach Alex Ariza when--in my opinion--their respective responsibilities should be kept separate.

Now after reading this, part of me wonders if Koncz and The Ex-Governor aren't in cahoots with one another in trying to siphon off Manny's money.
Custodite fideliter quod quae credita est fideliter ad vos.

abdul jahkool

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Re: Pacquiao owes IRS $18 million...
« Reply #6 on: December 11, 2013, 08:11:22 am »
A congressman who just knew how to box, cannot even fix his own entourage who is robbing him of his hard earned money, and hes actually dreaming of becoming a president someday,  ;D

Tama nga ung sinabi ng visionquest accounting firm sa america.. db kinuha nia dati service nila para mag audit ng mga expenses nia.. pero they were fired by arum and koncz.. a stupid person will always be stupid unless he learn something.. hehehe

 ::laffman coming from someone who defended Pacman against BIR in his post  ::laffman

mambabasa

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Re: Pacquiao owes IRS $18 million...
« Reply #7 on: December 11, 2013, 09:34:43 am »
I guess that's the bad part for him not checking the credibility of the people "filing" his taxes dito sa us. Sayang Lang Kung niloloko Lang sya ng Mga taong pinagkakatiwalaAn Nya.

bobotnaman

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Re: Pacquiao owes IRS $18 million...
« Reply #8 on: December 11, 2013, 10:23:47 am »
sa ngayon rumor palang siya. hope it's not true though. alam naman natin kung sino hahabulin kung totoo. si Arum at si Koncz lang.

zensuke101

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Re: Pacquiao owes IRS $18 million...
« Reply #9 on: December 11, 2013, 10:27:20 am »
yan ang mundo ng politics pacman
pasok pasok pa kasi sa ganyang uri ng mundo eh

DesperadO

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Re: Pacquiao owes IRS $18 million...
« Reply #10 on: December 13, 2013, 05:14:07 am »
Notice of federal tax lien against Pacman...

http://www.fighthype.com/news/article15775.html



dweizz

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Re: Pacquiao owes IRS $18 million...
« Reply #11 on: December 13, 2013, 09:37:02 am »
manny doesnt deserve this

kobeyaki

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Re: Pacquiao owes IRS $18 million...
« Reply #12 on: December 13, 2013, 05:27:31 pm »
what is happening right now in manny happened also to alot of professional sports personality in america, some of  which ended up poor.

wala ibang sisihin nito kundi si manny na rin, sobra tiwala sa mga taong nakapaligid sa kanya.

the good thing is meron pa siyang at least 1 year of his professional boxing career to earn and itama yung mga pagkakamali niya or else he will end up losing everything he has now.

to manny, please sundin mo yung mga pinapayo sayo ng mga taong gaya nina cong. zamora, belmonte and even the bir commissioner. you will never go wrong with them.