| |
|
ARUM INSISTS TOP RANK HAS RECEIPTS FOR PACQUIAO?S IRS TAX PAYMENTS
By Ronnie Nathanielsz
PhilBoxing.com
Wed, 27 Nov 2013
Promoter Bob Arum insists that Top Rank has deposit confirmations for each payment made on behalf of ?Fighter of the Decade? Manny Pacquiao to the US Internal Revenue Service.
In a statement forwarded to the Manila Standard, Arum said "For each of Manny?s fights that occurred in the United States, including those in 2008 and 2009, Top Rank withheld 30% of Manny's purses and paid those monies directly to the Internal Revenue Service (IRS) via Electronic Funds Transfer (EFT). Top Rank has deposit confirmations for each payment. Top Rank has done the same for all U.S. endorsements it has facilitated on Manny's behalf.?
The world?s top promoter stated that Top Rank ?submitted copies of the EFT deposit acknowledgements to the Bureau of Internal Revenue (BIR) as proof of payment. The BIR received the documents but directed Manny to obtain ?certified? documents directly from the IRS itself.?
Arum added, "As I am sure people appreciate, obtaining certified copies of documents from the IRS takes time. Manny made the formal request to the IRS and we have every expectation that the necessary documents will be furnished to the BIR very soon."
Pacquiao has lamented the fact that the BIR froze all the funds he had in his bank accounts which prevented him from visiting the areas devastated by super typhoon Yolanda to provide help and solace to his suffering countrymen to whom he had dedicated his spectacular victory over Brandon ?Bam Bam? Rios.
Photo: Top Rank's Bob Arum (seated, left) and Sands China CEO Edward Tracy (seated, right) at Pacquiao's Wildcard Gym in General Santos City.
Click here to view a list of other articles written by Ronnie Nathanielsz.
Recent PhilBoxing.com In-House articles:
Finally, Manny Pacquiao Rated WBC #1 Contender, Reenters Ring Welterweight Ranking at #9
By Teodoro Medina Reynoso, , Mon, 11 Aug 2025NP Bansalan rules Buhangin slugfest
By Lito delos Reyes, , Mon, 11 Aug 2025Battle Ready: Midgley and Apisit Clash for WBF Australasian Heavyweight Strap
By Carlos Costa, , Sun, 10 Aug 2025Filipino Jan Clifford Labog wins big in Hongkong chess tourney; earns Candidate Master title
By Marlon Bernardino, , Sun, 10 Aug 2025Featherweight Crusher Mirco Cuello Destroys Sergio Rios to Win WBA Interim Championship in Benghazi
, Sat, 09 Aug 2025TONIGHT! Maricela "La Diva" Cornejo to Battle Natasha "The Nightmare" Spence for WBA International Title
, Sat, 09 Aug 2025INKSIDE Track: A Quarantine Story Tattooed in Mactan
By Emmanuel Rivera, RRT, , Sat, 09 Aug 2025A Night of Boxing in Sta Ynez, California: Cain Sandoval Versus Jino Rodrigo
By Teodoro Medina Reynoso, , Fri, 08 Aug 2025USA Boxing Announces 2025 World Boxing Championships Roster
, Fri, 08 Aug 2025Adrien Broner Hints at Comeback, Pledges 3-5 More Years to Boxing
By Gabriel F. Cordero, , Fri, 08 Aug 2025Heavyweight Jamar Talley falls short in opening bout of 2023 Santiago Pan American Games
, Fri, 08 Aug 2025Milo Marathon in Tagum on September 7
By Lito delos Reyes, , Fri, 08 Aug 2025Former Undisputed Heavyweight World Champion, Riddick Bowe Confirmed for Eighth Annual Box Fan Expo, During Mexican Independence Day Weekend, Saturday September 13, in Las Vegas
, Fri, 08 Aug 2025Gaballo and Laurente to Co-Headline Sanman Boxing Event in Gensan
, Thu, 07 Aug 2025Paulo Salud and His POWer Punches
By Emmanuel Rivera, RRT, , Thu, 07 Aug 2025Jamaine Ortiz Eager to Face Steve Claggett in Co-Main Event of MVP Fight Night on DAZN
, Thu, 07 Aug 2025Happy 53rd Birthday to the One and Only Gerry Peñalosa!!!
By Carlos Costa, , Thu, 07 Aug 2025FLORIDA POOL OPEN DAY TWO: GORST FALLS TO ATENCIO AS CHUA, YAPP, AND DUONG CRUISE INTO LAST 64
, Thu, 07 Aug 2025128 chess players officially registered for Touchmove
By Marlon Bernardino, , Thu, 07 Aug 2025Japanese Rule of the Lower Weights Under Challenge by Pinoy, Latino Boxers
By Teodoro Medina Reynoso, , Thu, 07 Aug 2025September 6: Former World Champion Oscar Valdez Faces Ricky "El Castigo" Medina in Mexican Homecoming at Domo Binacional in Nogales
, Thu, 07 Aug 2025Former World Champion & U. S. Olympian Sadam Ali to headline “The Return” on August 31 in Detroit
, Thu, 07 Aug 2025"Pitbull" Cruz receives his WBC Belt in Mexico City
By Gabriel F. Cordero, , Wed, 06 Aug 2025Japanese Rule of Lower Weights Under Challenge; Head-Scratching Latest WBC World Rankings
By Teodoro Medina Reynoso, , Wed, 06 Aug 2025UNDERCARD ADDITIONS ANNOUNCED FOR ALLEN v MAKHMUDOV AS HEARN EXPECTS TICKETS TO FLY FOR OCTOBER 11 IN SHEFFIELD
, Wed, 06 Aug 2025 |
|
|
|
|
|
