Philippine boxing champ Manny Pacquiao—being bombarded by the Bureau of Internal Revenue (BIR) claims of million-peso tax liability—is now being chased by the United States Internal Revenue Service (IRS) for the $18.3 million debt (about P800 million) incurred over years 2006 to 2010, according to TMZ Sports article.
Based on the report, Pacquiao failed to settle his taxes over 3 big fights against Oscar dela Hoya in 2008, Ricky Hatton and Miguel Cotto in 2009, as well as his yearly tax liability in those five years.
Pacquiao and the BIR was placed under a gag order from the Court of Appeals last week because of creating uproar over the tax issue all over media reports resulting Pacquiao not to answer TMZ while the BIR did the same for The Manila Times.
Based on IRS documents retrieved by the TMZ, Pacquiao owed the IRS $1.2 million for 2006, $2 million for 2007, $2.9 million for 2008, $8 million for 2009 and $4.2 million for 2010.
Aside from the international debt, Pacquiao has also P2.2 billion-liability causing the issuance of warrant of garnishment that freezes all of his assets and accounts for the time being.
Pacquiao, being unable to get amounts from his accounts, was forced to borrow money from people to help Typhoon Yolanda (Haiyan) victims and for Christmas spending.
The next tax case hearing between Pacquiao camp and the BIR would be January 16. KRISTYN NIKA M. LAZO