Manny Pacquiao in Big Trouble: Bureau of Internal Revenue Files Criminal Charges
As Benjamin Franklin has taught us, there are only two things certain in life, death and taxes.
“The Bureau of Internal Revenue (BIR) has filed charges against Sarangani Representative and boxing icon Manny Pacquiao for violating the National Internal Revenue Code (NIRC),” said the BIR's regional director, Rozil Lozares, via the ABS-CBN Corporation.
“We have filed a criminal case against Congressman Emmanuel Pacquiao for violation of Article 266 of the National Internal Revenue Code.
“The BIR wants to investigate 33 tax records, including Pacquiao’s annual income tax return in 2010, his book of accounts, list of assets, as well as his earnings from his fights against Antonio Margarito and Joshua Clottey.”
Apparently, the Filipino boxing sensation has failed to deliver multiple documents at the time he was supposed to. Also, based on previous articles in the past, this is not unusual for Pacman. This time, the opaqueness of his actions has been exposed, and it looks like Manny might face criminal charges for his financial crimes.
This could also be a situation blown way out of proportions. Maybe all they need to do it find out how much, if anything, Pacquiao owes, and accept a payment from the congressman. It is also possible that Pacquiao has dodged tax payments and declarations, and thought that he was safe to play that game.
Seems like taxes are something that many wealthy people generally struggle with, and interestingly enough, lessons are rarely learned.
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