Tag Archives: Kim Henares

Entertainment, Government, International

HUGE WELCOME, TICKER TAPE PARADE AND TAX RECEIPT AWAIT “ASIA’S GOT TALENT” GRAND WINNERS

May 15, 2015 Pol Pinoy Leave a comment

MANILA, Philippines (The Adobo Chronicles) – El Gamma Penumbra, the Filipino shadow performing group that was the grand winner in the first season of “Asia’s Got Talent” will be treated to a huge welcome by their fans and supporters when they return to Manila from Singapore.

A motorcade will take them from the Ninoy Aquino International Airport to Malacañang Palace where they will be personally greeted by President NoyNoy Aquino. The motorcade will pass through main thoroughfares in Makati where ticker tapes and confetti will be showered from the city’s tall buiildings.

The group will also be personally met at the airport’s VIP lounge by Bureau of Internal Revenue Commissioner Kim Henares who will have a tax receipt booklet in hand as she collects up to 30% of the group’s $100,000 (4.4 Million pesos) prize money.

Henares is known to be a tough tax woman, always ready to collect the government’s share of international prize winnings by Filipino celebrities, not the least of whom is Manny Pacquiao.

Pacquiao’s prize money from his May 2nd fight with Floyd Mayweather is estimated at $150 Million. That’s a whopping 6.6 BILLION pesos.

It is therefore not suprising that President Aquino is claiming that the Philippines is no longer the “sick man” of Asia, thanks to all that tax revenue.

International, Law Enforcement, Sports

PHILIPPINES’ TAX WOMAN WANTS TO CONFISCATE MANNY PACQUIAO’S NEW BEVERLY HILLS MANSION

March 18, 2015 Pol Pinoy Leave a comment

LOS ANGELES, California (The Adobo Chronicles) – World Boxing Organization (WBO) welterweight king Manny Pacquiao has bought a Beverly Hills mansion formerly owned by Sean John Combs, popularly known by his stage names Puff Daddy, Diddy and P. Diddy.

Diddy is an American rapper, record producer, actor and entrepreneur. He and Jennifer Lopez were once a couple.

Elsa Nelson, vice president and manager of real estate firm Nelson Shelton & Associates, said three bidders had signified interest in buying the prime estate. “The two other bidders offered a much higher price but the current owners decided to sell it to world boxing icon Manny Pacquiao,” Nelson said.

Various media reports put the cost of the mansion at about $12 million (P540 million).

Immediately after being informed of the purchase, the Philippines’ taxwoman, Bureau of International Revenue Commissioner Kim Henares, filed a petition with the U.S. Internal Revenue Service (IRS) for the garnishment of Pacquiao’s new mansion, as payment for back taxes that the Filipino boxer reportedly owes the Philippine government.

It is no secret that Henares and Pacquiao have been long at odds over what Henares claimed to be the boxer’s unpaid taxes from his U.S. boxing fights’ prize winnings.

Pacquiao will fight American Floyd Mayweather on May 2 at the MGM Grand in Las Vegas in what is being billed “The Fight of the Century.”

Law Enforcement, Sports

PHILIPPINES’ TAXWOMAN WANTS $5 MILLION FROM PACQUIAO – CASH ONLY

November 25, 2014 Pol Pinoy Leave a comment

Manila, Philippines (The Adobo Chronicles) – Fresh from successfully defending his World Boxing Welterweight crown against American Chris Algieri, Filipino boxing champion Manny Pacquiao came home to a warm welcome from his adoring fans.

Pacquiao beat Algieri in Saturday’s (Sunday, Manila time) bout which lasted the full 12 rounds, with the Filipino boxer winning by a unanimous decision. The fight was held in Macau, China.

Fans held banners and waved miniature Philippine flags as Pacquiao stepped off his chartered plane at the infamous Ninoy Aquino International Airport (NAIA) in Manila.

Among those in the excited welcoming crowd was Kim Henares, commissioner of the Philippines’ Bureau of Internal Revenue (BIR). Henares held a banner that said, “Welcome Home, Mabuhay and Congrats! Now, PAY UP!”

Pacquiao has been in hot water with the BIR in the past for failing to pay taxes on his earnings from previous fights in the U.S. This time, Henares was on hand to personally collect taxes from Pacquiao.

“Based on my calculation, Paquiao owes $5 Million to the BIR from this recent fight,” Henares said.

Pacquiao’s purse for this fight was worth more than $20 Million. The boxer reportedly already paid $1 Million in taxes to the Chinese government.

Asked by The Adobo Chronicles how she intends to collect the taxes due from Pacquiao, Henares said, “Cash only!”