Sport Boxing hero Pacquiao Philippines’ top taxpayer

Boxing hero Pacquiao Philippines’ top taxpayer

 

Filipino boxing champ Manny 'Pacman' Pacquiao shows his championship belts in a ceremony held in Quirino Grandstand in Manila
Filipino boxing champ Manny ‘Pacman’ Pacquiao shows his championship belts in a ceremony held in Quirino Grandstand in Manila

(AA) – Boxing hero Manny “Pacman” Pacquiao has emerged as the Philippines’ top taxpayer, according to a government body’s records.

Pacquiao, who has won world championships in eight weight classes, paid 163.84 million Philippine pesos (more than $5 million) in regular income taxes in 2013, according to a list of top individual tax-payers posted on the Bureau of Internal Revenue website Saturday.

The Bureau’s list was based on regular income tax payments made as of Nov. 24 last year.

Pacquiao — or the Pacman, as his legions of fans like to call him — is currently battling a tax case over a 2.2 billion peso ($49 million) tax liability based on a Bureau assessment.

The taxes he paid for 2013 were around 65 percent higher than the next taxpayer on the list.

The top 10 on the list included only one person on Forbes’ 2015 list of billionaires, the Philippines’ fourth richest national Andrew Tan. The country’s richest man, businessman Henry Sy, ranked as the 85th highest taxpayer.

Pacquiao, without doubt the most famous citizen in the Philippines, grew up in a slum without shoes, and had sold donuts, flowers and fish on the street until an IBF Super Bantamweight title fight in 2001 propelled him to the big time.

He has dabbled in singing, politics, acting and cockfighting, and became a Philippine Congressman in 2010.

Forbes listed him as the 11th highest-paid athlete in the world 2014.

Topping the list was unbeaten American Floyd Mayweather, who Pacquiao is set to face off with May 2 in Las Vegas.  

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