Congress mulling tax-exemption privilege to Pacquiao
House of Representatives, Philippines A lawmaker from the Second District of Valenzuela City in Metro Manila has proposed a bill that will ultimately give a tax-exemption privilege to eight-division boxing champion Manny Pacquiao. Initiated and authored by Valenzuela City Cong. Magtanggol Gunigundo, the bill is meant to free Cong. Pacquiao from paying his tax liabilities to the Bureau of Internal Revenue (BIR). This issue has cropped up after BIR Commissioner Kim Henares slapped Pacquiao, who beat American-Mexican Brandon Rios in Macau for the WBO Welterweight Belt last Nov. 23, 2013, with a P2.2 billion in tax liabilities after he failed to settle them for the period covering tax years 2008 and 2009. Unable to compose himself, Pacquiao had resorted to ventilating his grievances through the media, saying that his lawyers already presented documents to prove that he paid his income tax liabilities in the United States. But the BIR official didn't honor the document...