Pacquiao camp denies tax deficiency in US-A A +A
Wednesday, December 11, 2013
MANILA -- A lawyer for boxing superstar Manny Pacquiao on Wednesday rejected an online report alleging that the Sarangani lawmaker failed to pay $18.3 million in taxes to the United States government from his fight purses from 2006 to 2010.
"We deny. We have no knowledge of the so called IRS (Internal Revenue Service) tax deficiency case. There is no such case,” said lawyer Tranquil Salvador in a text message to Sun.Star.
Citing IRS documents, entertainment website TMZ said Pacquiao owed the US government $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.
Pacquiao fought three times in 2008 including his demolition of Oscar dela Hoya, where the Filipino pug reportedly got around $15 to $30 million in cash.
The lawmaker won against Ricky Hatton, David Diaz, Miguel Cotto, Antonio Margarito and Joshua Clottey in the next two years.
Pacquiao has been battling tax problems in the Philippines as the Bureau of Internal Revenue (BIR) accused him of not paying P2.2 billion in 2008 and 2009.
The BIR said Pacquiao did not declare his income from the US during those years. His bank accounts have already been frozen by the tax bureau, prompting the boxer to ask the Court of Tax Appeals (CTA) to lift the garnishment.
Last week, the CTA ordered Pacquiao, his wife and mother, and the BIR to keep mum on the merits of the case.
Both camps will meet again in court on January 16, 2014. (Sunnex)