Palace rejects tax break for Pacquiao

Malacañang on Saturday said granting special tax privileges to world boxing champion and Sarangani Rep. Emmanuel “Manny” Pacquiao at this time will only raise more questions and should be deferred for further consultation with the internal revenue bureau.

Reacting to a proposal by Sen. Aquilino Pimentel 3rd to grant tax incentives to the boxing hero, also known locally as the National Fist, before he faces the most anticipated fight of his career with the equally formidable Floyd Mayweather Jr. on May 2, palace deputy spokesperson Abigail Valte said giving him special tax treatment could create inequality in the policy application for athletes.