Manny Pacquiao forced to borrow money to aid in typhoon relief
Even though Manny Pacquiao raised the spirits of his countrymen after winning Saturday's fight in Macau, his bank account has been frozen, forcing him to borrow money to help with disaster relief.
In the wake of Typhoon Haiyan, which killed more than 5,000 people and caused more than $1 billion in damages in the Philippines, Manny Pacquiao pledged to donate significant money and resources to his ravaged native country. The only problem is that Pacquiao’s bank accounts have been frozen by the Philippine government -- a result of the $50 million in back taxes Pacquiao allegedly owes the government, according to the Associated Press.
In keeping his promise to help with relief efforts, Pacquiao was forced to borrow $22,700 dollars just to pay for resources, prior to his victory this past Saturday over Brandon Rios in Macau. He reportedly will borrow more money as he tries to help more than 10,000 families devastated by the storm.
The Bureau of Internal Revenue claims Pacquiao hasn’t proven that he paid taxes from 2008-2009 and estimates that he owes more than $50 million in back taxes as of this past summer.
Pacquiao claims he paid the taxes in the United States following wins over Ricky Hatton and Oscar de la Hoya, and that he shouldn’t have to pay them twice.
“I appeal to them to remove the garnishment so that I can move and pay for my staff’s salaries,” he said. “I’m not a criminal or a thief.”
All the Bureau of Internal Revenue (Philippines) wants is to see proof of those payments.
“What he can do is go to the IRS, ask IRS to certify this copy [of his tax payments] as a true copy. We have been waiting for that for two years,” Revenue Commissioner Kim Henares said.
Pacquiao won a unanimous decision on Saturday night, a fight he dedicated to those most affected by Haiyan.
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