Pacquiao urged to show proof of US tax payments ahead of hearing
Philippines House of Representatives speaker Sonny Belmonte has called on Manny Pacquiao to hand over his American tax receipts to the BIR (Bureau of Internal Revenue) as the row over the champion boxer’s payments continues.
Pacquiao has been accused of avoiding paying his share from fights in Las Vegas for the period 2008 to 2009 and faces a huge bill if a lawsuit filed against the eight-weight champion goes against him.
“Why does he not just show his US tax receipts to the Mahirap ba gawin yun (BIR)?” Belmonte was quoted stating by abc-cbnnews.com this week as the case comes back into light following Pacquiao’s big money win over Brandon Rios.
The 34 year-old, who himself is a member of Congress, has vowed to fight the accusations labelled at him and claims to have paid all his dues from every fight, including those big Nevada pay-days.
Despite also being urged to settle by the BIR Commissioner Ken Henares, Pacquiao is fighting on, with a hearing set for December 5th and said to be worth 2.2 billion Pesos (around $50m/£30m) overall to the Bureau.
A unanimous points win over Rios last Saturday is said to have netted Pacquiao a cool $18m tax-free as the fight was held away from the US in Macau, China.
Follow on Twitter @PhilDJay for tweets of upcoming news on WBN