DOF Chief To Pacman: We Love You, But Please Pay Taxes

“Nobody is exempted from the Bureau of Internal Revenue’s (BIR) investigation” according to the country’s finance chief. These words are reminding Sarangani Rep. Manny Pacquiao to be aware of what the policies are.

However, Finance Secretary Cesar Purisima said that the tax agency is not distressing Pacquiao.

“I don’t think the BIR will dare harass an eight-time world champion. I believe this is just the BIR doing its job. No one is exempted from being investigated by the BIR. Even me, they ask for my files. We love Mr. Pacquiao and we respect him and we wish him the best. But at the same time we have a duty to make sure that we review everyone’s income tax return. And I don’t think Congressman Pacquiao should take this personally. I bet you most BIR people are fans of his and this is only the BIR doing its job,” Purisima said.

He also mentioned that the boxing champ doesn’t need to feel uneasiness about the issue if he already paid all his taxes. Also he gave assertion that there would be no double taxation if Pacquiao already paid his compulsions in the US.

“I think what the BIR is doing is to ask for documents because that’s part of the audit of any taxpayer. They’re asking for the amount of the taxes paid in the US and then the amount of taxes and revenue from the Philippines so that they can determine what taxes are due or not. There is no harassment,” he said.

Purisima stated that the BIR would not dare bother Pacquiao who is a “national icon, a national symbol and a national pride.”

He as well urged Pacquiao to give in his minutes to the bureau because it is his obligation as a citizen of the country.

Pacquiao on the other side asserted in a press conference that the charges filed by the BIR were meant to harass him.

Last February, the tax agency filed disrespect charges against the boxing champ for disregarding the BIR’s letters asking him to submit documents to the agency concerning his profits and corresponding tax payments.

A letter of Authority was issued by the BIR’s regional director Rozil Lozares for the boxing icon requesting him to acquire the documents regarding his profits.

Pacquiao’s tax payments significantly dropped to some P7 million in 2009 from P100 million in 2008, according to the tax agency.

Seemingly, Pacquiao disregarded the BIR’s request for documents.

BIR needs to examine 33 tax records including Pacquiao’s annual income tax return in 2010 which comprises his book of accounts, list of assets, as well as his earnings from his fights against Antonio Margarito and Joshua Clottey.

The tax agency also requested Pacquiao to supply them datum of his product endorsements.

The BIR filed a case against the boxing champion at the Office of the City Prosecutor in Koronadal in relation with their ongoing investigation.

Under heavy anxiety to raise incomes, BIR has been moving up efforts to collect taxes.

It is their goal to collect P1.066 trillion this year amount higher than last year’s objective of P940 billion and the actual tax-take of P924 billion.

Jinkee Pacquiao says no to “Ellen” guesting

Jinkee PacquiaoThe Ellen DeGeneres Show, often shortened to Ellen, is a well known American television talk show hosted by comedian/actress Ellen DeGeneres. The program combines comedy, celebrity and musical guests and human-interest stories. The program is not characterized as a tabloid talk show, nor does it involve experts giving advice in regards to personal relationships. This is the show where the Filipina international singing sensation Charice first appeared before she became famous at USA.

Jinkee Pacquiao admitted that she rejected the request for a talk show host Ellen DeGeneres to be guest on this program.

“Kasi live, sabi ko, ayoko yung live,” Jinkee said.

“Kasi first time kong yung magge-guest sa Amerika, sa CBS pa, tapos live.

“Sabi ko, ayoko ng live, kasi hindi ako sanay pag live.

“Tapos siyempre, English yun, so baka mag-nosebleed ako!

“Hindi ako fluent sa English, inaamin ko naman yun.

“Basta naging totoo lang naman ako na baka ano yung masasabi ko, ayokong magkamali.

“Nanghihinyang din ako, pero naiintindihan naman nila.

Jinkee said that it will be hard for her to go on a live show because she can’t speak English fluently. She regrets rejecting the offer of Ellen DeGeneres but she just don’t want to make mistake in front of many people.

Pacman invites Obama on his Mosley Fight

BY: KRIS JOHN ENCOMIENDA

Congressman Manny “Pacman” Pacquiao, eight-division world champion goes to US for a multicity promotion tour of his next fight. He and his wife travelled the roads of Los Angeles, Las Vegas and New York City to visit the United States President Barack Obama at the White House.

Cong. Pacquiao and U.S. Pres. Obama

Cong. Pacquiao and U.S. Pres. Obama

Manny Pacquiao restrained all the people of Los Angeles, California, New York City and Washington D.C from their works whom waited hours and hours to see him. Fans of the boxer cheered and started yelling the name of the sports icon as he crosses along the streets up to entrance of the White House. All of the people were so busy and thrilled to take photos of the Boxing champ using their phones and camera lens during that time.

Sarangani’s Congressman had an exchange of talk with the US President Obama about basketball and of course boxing and some side talks of business and political matters. After that conversation, the two men took some pictures, on this moment the boxing champ said “this is an unforgettable experience in my life” (Manny); they doing boxing and different poses in the Oval office.

Pacquiao received grocery bags full of bags of blue M&M’s chocolates with the presidential seal and a watch also decked with the presidential seal from the World’s one of the most powerful men, President Obama.

the meeting

the meeting

Also one of the purposes of Manny going to the office of the President Obama is to invite him to watch personal on his upcoming battle against the American fighter Shane Mosley on May 7, 2011 at MGM Grand, Las Vegas. But the president answered this with an “NO” for the reason that he probably be doing so much that day, but then he promised to watch their fight on TV.

This remarkable day meeting of the two of the most influential people is made possible by Sen. Harry Reid, whom Pacquiao helped during his senatorial campaign.

Pacquiao is set to generate over a P600M, which will absolutely get higher based on the amount that will be earned from pay-per-views.

Pacquiao vs Mosley

Pacquiao vs Mosley

PHOTOS: pinoyambisyoso.com, pinoyambisyoso.com, pacquiao-vs-mosley-update.blogspot.com

Fight odds soar for Pacquiao

MANILA, Philippines – Not even Freddie Roach’s statement that he sees the fight going the distance could keep the fight odds from sky-rocketing in favor of Manny Pacquiao.

The other day, the four-time Trainer of the Year told fightfan.com that he’s not looking for a knockout. Instead, he said he sees a 12-round battle with Joshua Clottey.

But no one seemed to listen as oddsmakers for the March 13 showdown at the Cowboys Stadium in Arlington, Texas remained convinced it’s going to be one-sided.

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Peñalosa opens his gym to Pacquiao as ‘Ramil’ KOs Baguio camp

              Two-division world champion Gerry Peñalosa has been a familiar fixture in almost every training camp of Manny Pacquiao in the United States. The two actually even sparred when Pacquiao was preparing for his first-ever shot at the world crown, the World Boxing Council (WBC) flyweight belt which was then held by Thai legend Chatchai Sasakul. Pacquiao stopped Sasakul in the eighth round to claim the crown back in 1998. On Monday afternoon, Peñalosa opened the doors of his Mandaluyong gym to Pacquiao, who arrived on the same day in Manila after several hours of land trip from Baguio City.

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Fight at 147 lbs if Pacquiao wants title

If Manny Pacquiao wants their November 14 fight to be a title fight, Miguel Cotto said the Filipino has to agree to meet him at the welterweight limit of 147 lbs.

In the event that the fight would get into trouble with the World Boxing Organization (WBO), the Puerto Rican reiterated that he is willing to vacate the throne.

“If Pacquiao wants that the fight be for the title, (it) will have to be in 147 pounds. I won the title in that, the welterweight (division) and that is 147 pounds,” Cotto told the Primera Hora newspaper yesterday during the launch of his clothing line.

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Speed key to Pacquiao win

Manny Pacquiao’s lightning-quick reflexes is going to spell doom for Miguel Cotto.

Trainer Freddie Roach said speed will play a vital role in Pacquiao’s November 14 duel with Cotto at the MGM Grand in Las Vegas.

“For this fight, speed is going to be important,” Roach told the Las Vegas Review-Journal. “I think if you get Cotto in a fast-paced fight, he’ll tire. So we want to come out quick and set a fast pace. Speed is our biggest asset.”

Roach concedes that Cotto, 28, will be “a little bit bigger and a little bit stronger but I think Manny’s the better boxer, and Manny’s defense is the best it’s been. I think Pacquiao will stop him along the way.”

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Mayweather says money dispute foils Pacquiao fight hopes

LAS VEGAS – Unbeaten US star Floyd Mayeather Jnr declared himself fit to fight after a rib injury delayed his

comeback but says money demands have foiled a possible showdown with Manny Pacquiao.

Mayweather dismissed Pacquiao’s claim to the world pound-for-pound throne Mayweather vacated by retiring in

December of 2007, saying, “It’s like a T-Bone steak. After I eat all the meat off the steak, they throw him the bone.”

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Roach wants 70-30 split for Pacquiao

When Freddie Roach said his No.1 fighter Manny Pacquiao deserves the lion’s share of the money against Miguel Cotto, the distinguished trainer wasn’t talking about a mere 60-40 split in favor of the Filipino pound for pound king.

Roach wants much more than that.

“70-30,” Roach told the Bulletin over the phone from the Wild Card Boxing Club in Hollywood.

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Manny tapped as intelligence aide at DOJ

SPECIAL assistant to the secretary of justice on intelligence matters.
This is the latest title under the belt of “People’s Champ” Manny Pacquiao, holder of five world boxing titles in different weight categories.

Pacquiao’s designation to the honorary position was contained in a department order signed by Justice Secretary Raul Gonzalez on May 8, the day he arrived from the United States after his victory on May 2 over British boxer Ricky Hatton in Las Vegas.

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