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:
Marcial-Colmenares Middleweight Bout Steals Show at Thrilla in Manila 50th Year (Part 2 of 2)
By Teodoro Medina Reynoso, Wed, 05 Nov 2025Brown vs. Seldin for the WBA Super Lightweight Interim World Title
Wed, 05 Nov 2025FRANCIS LAFRENIÈRE MAKES COMEBACK NOV 29
Wed, 05 Nov 2025OLYMPIC MEDALIST YUBERJEN MARTINEZ INKS WITH ALL STAR BOXING
Wed, 05 Nov 2025THE PAST WEEK IN ACTION 3 November 2025: Mayer Outpoints Spencer to Unify 154 Belts; Buatsi's Controversial Win Over Parker; Pero Outpoints Thompson; Thrilla in Manila at 50 Results
By Eric Armit, Tue, 04 Nov 2025Marcial-Colmenares Middleweight Bout Steals Show at Thrilla in Manila 50th Year (Part 1)
By Teodoro Medina Reynoso, Tue, 04 Nov 2025MATCHROOM BOXING ANNOUNCES HISTORIC ‘LIVE FROM GHANA’ EVENT FOR SATURDAY, DECEMBER 20 AS CRAIG RICHARDS AND DAN AZEEZ COLLIDE IN ACCRA – LIVE WORLDWIDE ON DAZN
Tue, 04 Nov 2025Bryce Mills Defeats James Bernadin By Unanimous Decision
Mon, 03 Nov 2025NBA Daily: Wembanyama Struggles as Suns Give Spurs First Loss 130-118
By Reylan Loberternos, Mon, 03 Nov 2025Oklahoma City Thunder the only undefeated NBA Team
By Gabriel F. Cordero, Mon, 03 Nov 2025RP Blu Boys Close Out Strong with Unbeaten Record in Japan Tournament
By Marlon Bernardino, Mon, 03 Nov 2025Pero Outlasts Thompson in Orlando, Secures Unanimous Decision Victory
Mon, 03 Nov 2025Jonas Magpantay Crowned Qatar World Cup 10-Ball Champion
By Marlon Bernardino, Mon, 03 Nov 2025Jonas Magpantay reaches Qatar World Cup 10-Ball Finals
By Marlon Bernardino, Sun, 02 Nov 2025Pistons defeated Mavericks in NBA Game 34 in Mexico
By Gabriel F. Cordero, Sun, 02 Nov 2025