Malacañang on Friday rejected the proposal to exempt boxing superstar Manny Pacquiao from paying income taxes for the rest of his life.
“Hindi makatwiran ang panukalang iyan [That bill is not reasonable],” Presidential Communications Secretary Herminio Coloma Jr. said, referring to a bill proposed in the House of Representatives that seeks to grant lifetime tax exemption to Pacquiao.
Coloma stressed that paying taxes is one of the basic obligations of every Filipino citizen.
“Tungkulin po ng bawat mamamayan ang pagbayad ng tamang buwis [It is the duty of all Filipinos to pay taxes],” he added.
Rep. Magtanggol Gunigundo of Valenzuela, earlier filed a bill to save Pacquiao, who is also Sarangani representative, the trouble of paying income taxes for as long as he lives, for the outstanding honor and pride the “People’s Champ” has given to his countrymen.
The bill comes on the heels of another measure that seeks to exempt his winnings in the ring from being taxed.
The exemption would apply to prizes and awards in all competitions earned 10 years prior to the effectivity of the proposed law.
However, Coloma maintained that tax exemption only applied to certain sectors of society depending on their capacity to pay, including minimum wage earners.
He believes that those lawmakers “are using that general frame.”|
“So ang amin pa rin pong pananaw ay mahalagang tungkulin ng mga mamamayan na suportahan ang kanilang pamahalaan sa pamamagitan ng pagbabayad ng tamang buwis sa tamang oras [As far as the government is concerned, it is the responsibility of citizens to support the government to pay their correct rights at the right time],” Coloma said
“Kaya kung iyan po ang pagbabatayan, sa aming palagay ay hindi makatwiran iyong panukalang iyan [If that is the basis, such bill is not reasonable],” he added.