Tag Archives: Pacman

PACMAN VS. TAXMAN: INTERNAL REVENUE CHIEF FLYING TO LAS VEGAS TO PERSONALLY COLLECT TAXES FROM PACQUIAO

Pacquiao and Henares
Pacquiao and Henares

Manila, Philippines – The Commissioner of the Philippines’ Bureau of Internal Revenue (BIR) is flying to Las Vegas today to personally collect taxes on Manny Pacquiao’s earnings from the latter’s latest championship fight.  Pacquiao on Saturday regained the WBO welterweight title from American Timothy Bradley.  Pacquiao, who won by a unanimous decision, is expected to pocket some $20 Million in prize money, in addition to an unspecified percentage of receipts from Pay Per View’s cable coverage of the event.

In recent months, Commissioner Kim Henares has been after Pacquiao and other high-profile celebrities in what many believe is her personal crusade to prevent her tax agency from bankruptcy. She believes her policy of going after the “big guns” will salvage the BIR from total collapse.

In a statement made to reporters at the Departure VIP Lounge of the Ninoy Aquino International Airport, Henares said she wanted to witness first hand how much the boxing promoter will give to Pacquiao as his prize money. She plans to demand immediate payment of taxes from Pacquiao while she is in Las Vegas.

Henares admitted that her trip to Las Vegas is funded by taxpayer money but insisted that the expense is well worth the tax that will be collected from Pacquiao.