Manny Pacquiao’s Bank Accounts Frozen As He Is Accused Of Tax Evasion Surface

Based on a report from Yahoo Sports, it seems “Pac man” has had his bank accounts frozen by the Philippines tax bureau, after allegedly failing to pay his taxes for the fights he had in the United States from 2008 through 2009. This includes his most recent winnings, an $18 million dollar payday for his win over Brandon Rios, last Saturday night.

Pacquiao had this to say regarding the matter:

“This is harassment. I am not a criminal or a thief. I am not hiding anything. I will face my problems as they come. I have already paid my taxes in America. Had I not paid the correct taxes they (US authorities) would have come after me and I would not have been able to travel there.”
People with dual-citizenship (like Pacquiao) are exempt from paying taxes in both countries, but apparently this won’t help “Pac Man”, as his local tax bureau has rejected the documents which would prove he’s already paid his US taxes.

About William Smith

After watching the first Ultimate Fighting Championship I became instantly hooked. I've been a huge fan of the sport of MMA ever since. Haven't missed a UFC event & thanks to fight pass I've witnessed some of the all time greatest fighter & athletes the sport through Pride, Strikeforce, WEC, Glory, Pacrase, EliteXC.............. I resently joined MMA-paradise.com & will use this site to continue to bring the latest news from the world of MMA to all our loyal followers.