Pac in tax trouble...
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Reborn-DeeMcK-Reborn
mobilemaster8
kingraf
Seanusarrilius
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Pac in tax trouble...
http://www.abc.net.au/news/2013-11-26/manny-pacquiao-has-assets-frozen/5118520
He has had his assets frozen in the Philippine’s. 54 million and change, apparently. Poor Pac, I hope this doesnt lead to him ending up skint.
He has had his assets frozen in the Philippine’s. 54 million and change, apparently. Poor Pac, I hope this doesnt lead to him ending up skint.
Seanusarrilius- Moderator
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Re: Pac in tax trouble...
I though he just had his affairs looked at by independent auditors?
kingraf- raf
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Re: Pac in tax trouble...
WOW! The IRS took a lot of dosh off him................sad times.
mobilemaster8- Posts : 4302
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Re: Pac in tax trouble...
Reading on, it does look dodgy tbh
kingraf- raf
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Re: Pac in tax trouble...
you would think after all the money he has made Arum, he would get him a decent accountant to take care of his affairs. he has only been a huge meal ticket for Arum over the years. Clearly Manny doesn't know how to take care of his own finances. Hope he sorts it. Deserves his riches.
Seanusarrilius- Moderator
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Re: Pac in tax trouble...
To be honest Sean, not sure many promoters want their fighters to have their financial affairs in order. A guy like Manny could certainly have had enough money in the bank to never work again at least since the Hatton fight with good advice and probably well before that. Problem for Arum is if this is the case what happens if Manny wakes up one morning and decides he has had enough of the work and effort and decides to jack it in?
Far better to have him needing the next payday and always needing one more fight.
Far better to have him needing the next payday and always needing one more fight.
Rowley- Admin
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Re: Pac in tax trouble...
It was reported that the rios fight brought his career earnings past the 300million mark.
jimdig- Posts : 1528
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Re: Pac in tax trouble...
Come on guys, we all know tax is just for poor people.
Champagne_Socialist- Posts : 4961
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Re: Pac in tax trouble...
Very sad, very trueRowley wrote:To be honest Sean, not sure many promoters want their fighters to have their financial affairs in order. A guy like Manny could certainly have had enough money in the bank to never work again at least since the Hatton fight with good advice and probably well before that. Problem for Arum is if this is the case what happens if Manny wakes up one morning and decides he has had enough of the work and effort and decides to jack it in?
Far better to have him needing the next payday and always needing one more fight.
Seanusarrilius- Moderator
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Re: Pac in tax trouble...
Doubt he'll be in any trouble. Politiucal jostling I suspect. They did this to the Man City owner didn't they? Or was that Thailand.....
seanmichaels- seanmichaels
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Re: Pac in tax trouble...
The Filipino IRS has placed a lien on Manny's home. And apparently only $25, 000 has been taken. I must be honest, I struggle to think Pacquaio managed to fight six fights in Vegas without getting taxed for it, as I was under the assumption that the money is already taxed before a fighter receives it... as was the case in Alvarez-Lopez, when NSAC revealed purses and taxes on with fighters.
kingraf- raf
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