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Tax Deal with Manny Pacquiao Possible?

welcome By: Elena Grace Flores

English: Ricky Hatton and Manny Pacquiao at th...
English: Ricky Hatton and Manny Pacquiao at the Trafford Centre. From left to right: Floyd Mayweather, Sr., Hatton, Pacquiao and Freddie Roach. (Photo credit: Wikipedia)

OFWs or Overseas Foreign Workers are considered living heroes in the Philippines and they are actually given the Free of Tax Privilege. Yes, we can’t say who’s right or wrong between the Bureau of Internal Revenue’s bout with boxing champion Manny Pacquiao. They are both just justifying their actions as they claim that it’s their duty to do so. So, If Manny is also considered a living hero for giving dignity to the Filipino people, is he worthy of a tax consideration if not exemption for a job well done? Read this (most phrases are in English but there are also Tagalog expressions):

Govt open to compromise with Pacquiao on tax case, says BIR chief Kim Henares

By: www.gmanetwork.com

The Bureau of Internal Revenue (BIR) is open to a compromise deal with Philippine boxing champion and Rep. Manny Pacquiao in relation to a P2.2-billion tax case, based on the Internal Revenue Code which allows such an arrangement between government and the taxpayer. http://www.gmanetwork.com/news/story/337565/economy/finance/govt-open-to-compromise-with-pacquiao-on-tax-case-says-bir-chief-kim-henares


Nothing can’t be solved if both parties will have a heart to heart talk. Since Manny’s patronage to his native land and to his own people can’t be bought by billions of dollars, he will make amends to remain being a role model of a good Filipino citizen or else he could already have given up his nationality and enjoy his money in the US where he already has a house – and obviously, he is very welcome there. On the other hand, the BIR should also define the procedure to the public on how Manny should declare his taxes – because there might be other talented Filipinos who are earning overseas – the same as Manny!

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