Tag Archives: taxes

TAX-EVADING MANNY PACQUIAO PLANS TO BUY AN ENTIRE ISLAND

Manny Pacquiao
Manny Pacquiao

Sarangani, Philippines (The Adobo Chronicles) – Manny Pacquiao: world champion boxer, congressman, soon-to-be basketball player and coach, potential 2016 presidential candidate, billionaire and tax evader. What’s next for ‘Pacman?’

Today, Pacquaio announced his retirement plans to buy an entire island in Palawan, the southwestern Philippine province known for its pristine beaches, breath-taking land formations and world-class resorts and tourist destinations. There he will build his retirement home, or is it palace?

Immediately following the announcement, Bureau of Internal Revenue Commissioner Kim Henares put out a “keep an eye advisory” to the tax agency’s Palawan branch to make sure that Pacquiao will pay the appropriate property and other applicable taxes in connection with his planned island purchase. Previously, Henares had charged Pacquiao of  failing to pay taxes for his earnings in the boxing ring.

Pacquiao has dominated the headlines lately. In addition to his tax woes, he is reportedly eyeing the Philippine presidency come the 2016 elections. He has sealed an advertising agreement with KIA and signed up to be the Korean car company’s basketball player and coach in the Philippines’ professional basketball league. It was also revealed that Pacquiao remains to be the only billionnaire member of Congress, not to mention being the number one absentee.

Pacquiao is also known as ‘karaoke king, ” but almost everyone knows that already.

Pacquiao is still deciding which island in Palawan he will purchase.