PALACE REJECTS PACQUIAO'S BID FOR LIFETIME TAX EXEMPT

“We hold the same view that it is important for our citizens to support their government in the form of paying their correct taxes on the right time. With this as basis, we think that the proposal (exemption) is unreasonable,” he said. “It is the duty of every citizen to pay the right taxes. Paying taxes is one of the basic obligations of every Filipino citizen. That is why we think that the proposal (of Congress granting Pacquiao lifetime tax exemption) is not reasonable.” Sen. Grace Poe also believes no exemption must be given any Filipino in paying taxes whether he is the President or a hero, but that Pacquiao must be given some consideration to allow him to settle any tax deficiencies before the Bureau of Internal Revenue (BIR). “All of us, whether the President or a hero has the responsibility to help boost the government coffers,” she said in Filipino. “But I hope Pacquiao will be given enough consideration to resolve the situation he is in.”

ALSO: Arum: Pacquiao-Rios sold at least 500,000 PPV buys

The figure pales in comparison to Pacquiao’s previous fights in the US. For instance, his bout with Antonio Margarito in November 2010 sold 1.15 million PPVs, while his last two meetings with rival Juan Manuel Marquez in November 2011 and December 2012 ended up being watched by 1.4 million and 1.15 million households, respectively. Even the fighting congressman’s duel with the less-appealing Timothy Bradley in June last year sold more PPV units at 900,000. Pacquiao-Rios’ PPV performance is likewise no match for Floyd Mayweather’ massive fight with Saul Alvarez last September, which was bought by 2.2 million households. Arum, in his defense, pointed to geography as the main reason for Pacquiao-Rios’ lackluster PPV result.

ALSO: Pacman not in M’weather wish list

The name Manny Pacquiao is not even causing a blip on the radar screen of Floyd Mayweather Jr. Not for now – at least. The American pound-for-pound king said he’s close to finding and naming an opponent for his return to the ring on May 3 in Las Vegas. Amir Khan could be next for Mayweather who told Grand Rapids Press boxing writer David Mayo he expects his opponent to be named next week. “Next week, I’m looking forward to next week,” Mayweather, undefeated in 45 fights, was quoted as saying. “But as for me, right now, I’m not thinking about boxing,” he added. “I’m willing to fight Mayweather. So, it’s up to him if he’s willing also,” said Pacquiao. His promoter, Bob Arum, and trainer, Freddie Roach, are also hoping for the fight to happen next year.


PALACE REJECTS PACQUIAO'S BID FOR LIFETIME TAX EXEMPT

MANILA, DECEMBER 9, 2013 (PHILSTAR) By Delon Porcalla - Malacañang finds unreasonable proposals in Congress to grant boxing champion and Sarangani Rep. Manny Pacquiao a lifetime exemption from income tax.

Press Secretary Herminio Coloma said granting income tax exemptions to athletes would not be a good precedent.


Manny Pacquiao

“We hold the same view that it is important for our citizens to support their government in the form of paying their correct taxes on the right time. With this as basis, we think that the proposal (exemption) is unreasonable,” he said.

“It is the duty of every citizen to pay the right taxes. Paying taxes is one of the basic obligations of every Filipino citizen. That is why we think that the proposal (of Congress granting Pacquiao lifetime tax exemption) is not reasonable.”

Sen. Grace Poe also believes no exemption must be given any Filipino in paying taxes whether he is the President or a hero, but that Pacquiao must be given some consideration to allow him to settle any tax deficiencies before the Bureau of Internal Revenue (BIR).

“All of us, whether the President or a hero has the responsibility to help boost the government coffers,” she said in Filipino.

“But I hope Pacquiao will be given enough consideration to resolve the situation he is in.”

On the other hand, Senate Deputy Minority Leader Vicente Sotto III said Pacquiao must be exempted from taxes for bringing honor to the country.

“Athletes should be exempt from taxes if winnings are from abroad,” he said in a text message.

Valenzuela Rep. Magtanggol Gunigundo has filed a bill seeking to exempt Pacquiao from income tax for life.

The boxer doesn’t deserve “ignominious treatment” from the BIR, he added.

The BIR is running after Pacquiao for having an income tax deficiency of P2.2 million in 2008 and 2009.

It has garnished Pacquiao’s bank accounts containing P1.1 million.

Pacquiao is contesting the BIR’s assessment before Court of Tax Appeals.

He has already paid the taxes in the US, he said.

However, the BIR said it has not received official documents that would prove the payments. – With Christina Mendez

Arum: Pacquiao-Rios sold at least 500,000 PPV buys By Dino Maragay (philstar.com) | Updated December 5, 2013 - 11:58am 10 304 googleplus0 1


Manny Pacquiao, from the Philippines, right, lands a right to Brandon Rios of the United States during their WBO international welterweight title fight Sunday, Nov. 24, 2013, in Macau. Pacquiao defeated Rios by unanimous decision on Sunday to take the title and return to his accustomed winning ways after successive defeats. (AP Photo/ Vincent Yu)

MANILA, Philippines – The pay-per-view purchase result for Manny Pacquiao’s fight with Brandon Rios last Nov. 24 in Macau came in, and although this marks the Filipino’s lowest output in years, his promoter isn’t bothered.

Top Rank chief Bob Arum, speaking to Dan Rafael of ESPN.com, said around 500,000 households bought Pacquiao-Rios in the US – a figure he’s already expecting.

"The numbers are coming in like we expected," Arum told Rafael. "There was a little delay because of Thanksgiving, but it will be somewhere in the area of 500,000 buys.”

The ageless promoter insisted that the PPV buys are fine.

“We ran all our numbers on something a little less than 500,000 but figuring we'd do around 500,000, and that's what we're going to wind up doing. It means 490,000 or 510,000, something like that," Arum said.

The figure pales in comparison to Pacquiao’s previous fights in the US. For instance, his bout with Antonio Margarito in November 2010 sold 1.15 million PPVs, while his last two meetings with rival Juan Manuel Marquez in November 2011 and December 2012 ended up being watched by 1.4 million and 1.15 million households, respectively.

Even the fighting congressman’s duel with the less-appealing Timothy Bradley in June last year sold more PPV units at 900,000.

Pacquiao-Rios’ PPV performance is likewise no match for Floyd Mayweather’ massive fight with Saul Alvarez last September, which was bought by 2.2 million households.

Arum, in his defense, pointed to geography as the main reason for Pacquiao-Rios’ lackluster PPV result.

“It's very, very difficult when you're not doing the fight in the United States," Arum said of Pacquiao’s first fight in Asia since 2006 when he met Oscar Larios at the Araneta Coliseum.

"But the deal we structured was to make up for that,” the promoter added, referring to the deal he struck with the Venetian Macao, the site for the fight.

While the PPV numbers might not be remarkable, the gate receipts are another story. A total of 13,101 fans trooped to the Cotai Arena at the Venetian Macao to witness the fight, which Top Rank earlier said translated to a sellout.

Arum, for his part, stressed they did great.

"The [pay-per-view] industry told us when you do an event that far away you can expect to do maybe 30 percent of what you would ordinarily do on the fight. We did a lot better. We performed better than that, so I think it was a big success. We had a huge audience on television in China," he explained.

Pacman not in M’weather wish list By Abac Cordero (The Philippine Star) | Updated December 4, 2013 - 12:00am 0 32 googleplus0 44


Floyd Mayweather Jr.

MANILA, Philippines - The name Manny Pacquiao is not even causing a blip on the radar screen of Floyd Mayweather Jr.

Not for now – at least.

The American pound-for-pound king said he’s close to finding and naming an opponent for his return to the ring on May 3 in Las Vegas.

Amir Khan could be next for Mayweather who told Grand Rapids Press boxing writer David Mayo he expects his opponent to be named next week.

“Next week, I’m looking forward to next week,” Mayweather, undefeated in 45 fights, was quoted as saying.

“But as for me, right now, I’m not thinking about boxing,” he added.

Maybe Mayweather is not even thinking about Pacquiao, who recently bashed Brandon Rios for 12 rounds at the Venetian in Macau.

It was a remarkable comeback for the Filipino superstar after two successive losses to Tim Bradley and Juan Manuel Marquez in 2012.

The victory, as expected, revived talks about Mayweather vs Pacquiao, still the fight everybody wants to see in this generation.

After his victory over Rios, the 34-year-old fighting congressman from Sarangani talked about his readiness to take on Mayweather.

“I’m willing to fight Mayweather. So, it’s up to him if he’s willing also,” said Pacquiao.

His promoter, Bob Arum, and trainer, Freddie Roach, are also hoping for the fight to happen next year.

If it doesn’t then it may never happen at all.

But Mayweather is not joining the discussion yet because when asked by Mayo about the Pacquiao fight, it seemed he doesn’t care.

“Who?” was all Mayweather said.


Chief News Editor: Sol Jose Vanzi

© Copyright, 2013 by PHILIPPINE HEADLINE NEWS ONLINE
All rights reserved


PHILIPPINE HEADLINE NEWS ONLINE [PHNO] WEBSITE