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!”
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