Pages

Friday, November 29, 2013

Did Pacman pay or not pay the proper taxes?

It is more fun criticizing


Repost from Herald Sun | November 27, 2013

We have heard and seen the media battle between BIR and the Cong Paquiao on what appears to be a battle for the money -  P2 billion ($50million)  in tax deficiency being claimed by BIR from the congressman and Pambansang Kamao Pacman.   Now, if the claims are true, then he is penniless if he cant touch is bank accounts.  And this is humiliating, and embarrassing for the sportsman (have you been in this kind of mess)

Pacman's lawyers claim that income taxes have been paid in US as soon as they were paid to Pacman.  Newspapers have listed him to have earned more than $300 million in purse money in his career.  Last year his earnings was placed at $14 million. 

Meanwhile, the PHL president has suggested to Pacman to face the issues at BIR  (From PHLstar - PNOY to Pacman: Pay up, shut up | November 29 2013