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Pacquiao’s bank accounts frozen over tax dispute
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Philippine boxing hero Manny Pacquiao said yesterday authorities had frozen all his domestic bank accounts over allegations of unpaid taxes from lucrative fights in the United States, leaving him financially paralyzed.
“This is harassment,” the former eight-division world champion told ABS-CBN television, as he disclosed a freeze order issued by the Philippines’ Bureau of Internal Revenue in recent months.
The shock announcement came just two days after Pacquiao, 34, resurrected his boxing career with a unanimous points decision win over American Brandon Rios in Macau.
The victory, which Pacquiao devoted to the victims of typhoon Haiyan, only added to his luster among millions of Filipinos who idolize him.
Pacquiao said he had already paid taxes on the earnings in the US, which has a treaty with the Philippines that allows citizens of both countries to avoid double taxation.
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