Damn homie! He’s coming off a big win, but Manny Pacquiao is still dealing with a lot of drama. Does the Pac-Man have any money left?! He had to borrow money to provide for the Philippines’ Typhoon Relief. This has to do with all of his IRS issues. Yikes. Details after the jump…
Manny Pacquiao claims he has had to borrow tens of thousands of dollars to send relief to victims of Typhoon Haiyan, because his bank accounts have been frozen by the Philippine government as it pursues $50 million in back taxes it claims he owes.
Pacquiao had pledged to send relief supplies to the parts of his native country hardest hit by Haiyan, which killed more than 5,000 people and caused more than $1 billion in damages earlier this month. But, the boxer said yesterday, three days after easily outpointing Brandon Rios in Macau, he simply doesn’t have the funds available. He said he privately borrowed over 1 million pesos ($22,700) and plans to borrow more.
At issue are years of taxes on earnings from Pacquiao’s fights in America. Pacquiao claims to have already paid those taxes in the United States, and thus doesn’t have to pay them in the Philippines—”‘I am not a criminal or a thief,” he said yesterday. But the Bureau of Internal Revenue—the Philippine IRS—doesn’t believe him. All it wants to see is some proof that he actually paid taxes in the U.S, and hasn’t seen any so far.