MANILA (Mabuhay) – The chairman of the Senate ways and means committee said a bill seeking to give Manny Pacquiao tax exemption on his earnings as a boxing champion is a good measure that would recognize his contributions to the country.
In a statement, Senator Juan Edgardo Angara said he will consider the bill expected to be filed by Senator Aquilino Pimentel III.
Pimentel said he will file a bill granting a special tax exemption for Pacquiao in connection with his earnings in his bout with American boxer Floyd Mayweather on May 2.
“We will consider it once filed and can conduct a hearing. Lahat ng tax exemption pinagaaralan dapat nang mabuti dahil pribilehiyo ‘yan at may mawawalang panggastos ang gobyerno kaya’t pinagaaralan muna lahat bago ibigay,” said Angara.
He said, however, “Maganda ang nilalayon ng panukala ni Sen. Koko na kilalanin man lang ng gobyerno ang karangalan at katanyagan na ibinigay ni Manny sa bansa natin sa mga nakalipas na taon. Palagay ko kulang tayo sa pagkilala sa kaniyang kontribusyon.”
Pacquiao has a pending tax case before the Court of Tax Appeals.
The Bureau of Internal Revenue has accused the boxing champ of misdeclaring his income from his bouts abroad. (MNS)