Posts Tagged ‘Sports’

PostHeaderIcon Wrong Timing : BIR’s freezing Manny Pacquiao’s bank acounts

Timing is everything!

Manny Pacquiao deserved to have a grand celebrated welcome after a dramatic boxing comeback but it seems that our government is doing the opposite. Just two days after his victory over American-Mexican Brandon Rios , he is now slammed with a news report about his P2.2 – billion tax evasion. The world boxing icon and Sarangani Representative expressed confidence for the truth will come out and that his conscious is clear because all his tax liabilities to the government were properly paid.

In my opinion, can the BIR wait for another week or two before releasing this bombshell? Can we all welcome him without intrigues?

Excerpt from :

He explained that the P2.2-billion tax case stemmed from his alleged failure to include in his income tax returns the multi-million-dollar taxes deducted by the US Internal Revenue Service from his 2008 and 2009 fight earnings.
“The IRS gave us a copy of the taxes deducted from my earnings covering that period. Unfortunately, BIR refused to honor the copy of tax deduction credited by the IRS,” Pacquiao bared.

The boxer-lawmaker claimed BIR has been demanding a certified true copy of the IRS document.

“Iba ang sistema natin kumpara US. Hindi sila nagbibigay ng certified true copy kasi pag nagbigay ng public document ang alin mang government agency dun sa kanila, it is understood na authentic yon (The US has a different system. They don’t give a certified true copy because every time a public document is issued by any government agency in the US, it is understood that it is authentic),” Pacquiao said.
The total tax amount being demanded by the BIR is much bigger than the P1.8 billion total assets and net worth declared by Pacquiao in his Statement of Assets, Liabilities and Net Worth (SALN).

In an earlier interview, Franklin Gacal Jr., Pacquiao’s legal counsel, said the congressman was not engaged in “hocus-pocus” on his earnings as boxer.

“He could not hide his total earnings. The BIR could easily monitor it because all his commercial endorsements and boxing fights were covered with contracts,” Gacal said.


THE Prosecutor’s League of the Philippines (PLP) is set to hold an open fun run dubbed “Run for Justice” this coming July 29 in Cagayan de Oro City.According to the organizers, proceeds of the activity will go to the Medical Assistance Program of PLP for the benefit of the prosecutors in the country.

WANT TO RUN WITH ME? There will be three categories — 3K, 5K and 10K. Registration now at the Hall of Justice lobby, this city and at the North Concourse Limketkai Center.

PostHeaderIcon Freedom Run , Limketkai Center, Cagayan de OroCity

PostHeaderIcon NBA Finals Game 6 Live Streaming

Watching the Live Streaming of NBA Finals Game 6 HERE.

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