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SBD Global/November 28, 2013/Finance

Manny Pacquiao's Promoter Hits Back Over Claims Of Unpaid Taxes In U.S.

Boxer Manny Pacquiao's promoter, Bob Arum, said that he "expects certified US tax paperwork for the Philippine boxing hero to be received by authorities in his homeland 'very soon' after they froze the fighter’s assets," according to the AFP. Arum said that allegations of 2.2B pesos ($50M) in unpaid taxes from U.S. bouts in '08 and '09 "are false and that his Top Rank agency made certain the proper money was paid to US authorities just to avoid such problems." Arum said, "Filipino authorities confirmed that Manny is not required to pay double tax. If Manny paid U.S. taxes for fights and endorsements that occurred on U.S. soil, he is not required to pay double taxes in the Philippines" (AFP, 11/27).
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