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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsManny Pacquiao prefers to fight Juan Manuel Marquez in China because of high U.S. taxes
Manny Pacquiao's chief adviser insisted Monday that the Filipino superstar's preference is for his next bout a fifth fight against Juan Manuel Marquez to take place away from Las Vegas, with the off-shore Chinese gambling resort of Macau emerging as the "favorite."
Michael Koncz told Yahoo! Sports that the 39.6 percent tax rate Pacquiao would face if he were to fight again in the U.S. makes a fall bout in Las Vegas "a no go."
Promoter Bob Arum is hopeful of arranging a fifth match between Pacquiao and Marquez in the fall, potentially on Sept. 14. Arum's preference is for the fight to be at the MGM Grand in Las Vegas, which is his company's home base.
But Arum and Koncz say Pacquiao is balking at the additional money he'd lose to the government if the fight were held in Las Vegas. Arum said Pacquiao would not have to pay taxes if the fight takes place in casinos in either Singapore or Macau.
"Manny can go back to Las Vegas and make $25 million, but how much of it will he end up with $15 million?" Arum said. "If he goes to Macau, perhaps his purse will only be $20 million, but he will get to keep it all, so he will be better off."
While avoiding a huge tax bill would be a benefit to Pacquiao, it would hurt Arum in terms of pay-per-view sales. Arum said a detailed review indicates that a pay-per-view bout emanating outside of North America would do about 50 percent fewer sales.
http://sports.yahoo.com/news/boxing--pacquiao-prefers-to-fight-marquez-in-china-because-of-high-u-s--taxes-003802872.html
Kingofalldems
(38,452 posts)Otherwise why wouldn't you post this in Sports?
Stealth not so much...
joeybee12
(56,177 posts)Please lose again, Manny, you greedy, bigoted asshole. And then just fade into obscurity.
kestrel91316
(51,666 posts)Never, ever posts a single word in support of Democrats or Democratic policies or anything liberal.
EVER.
geek tragedy
(68,868 posts)Screw him.
MADem
(135,425 posts)And I don't even care for boxing!
geek tragedy
(68,868 posts)She'd Pawlenty him.
MADem
(135,425 posts)geek tragedy
(68,868 posts)dlwickham
(3,316 posts)idwiyo
(5,113 posts)Response to geek tragedy (Reply #15)
geek tragedy This message was self-deleted by its author.
Dawson Leery
(19,348 posts)KamaAina
(78,249 posts)Go Marquez.
hrmjustin
(71,265 posts)My heart bleeds for him.
Bake
(21,977 posts)After Marquez knocks his head off.
Bake
99Forever
(14,524 posts)... I should give a flying fuck what that ass pimple does?
Or what you have to say about it, for that matter.
Bake
(21,977 posts)Pain.
Greedy little shit.
Bake
NoGOPZone
(2,971 posts)How principled of him. Here's looking forward to the Mauling in Macau.
Bake
(21,977 posts)Sounds rather Republican of him.
Bake
dairydog91
(951 posts)Methinks he'd be deriving benefits provided by the government of Macau, which is (I confess my geography is rusty) somewhat distant from US jurisdiction.
Bake
(21,977 posts)Bake
Cali_Democrat
(30,439 posts)ho-hum......
dems_rightnow
(1,956 posts)When he fights here he pays US taxes, when not.....
libtodeath
(2,888 posts)ProSense
(116,464 posts)Did they have a problem living in the U.S. when Reagan was in office and the top rate was 50 percent?
Or are they pissed that the new laws mean they actually have to pay taxes after decades of not paying their fair share?
muriel_volestrangler
(101,311 posts)Fla_Democrat
(2,547 posts)cherokeeprogressive
(24,853 posts)DonCoquixote
(13,616 posts)But I wonder what he would think about Communist China being the main enabler fro the rich, and their main refuge from unions?
dairydog91
(951 posts)Those dastardly foreigners are exploiting a loophole in the American tax code which allows taxpayers who are not US citizens and who don't live in the US from paying any US taxes at all! Clearly, this loophole must be closed; every person in the world owes the IRS taxes, and no high-falutin' legalese about living in and being citizens of so-called "other countries" should change the fact that all human beings are automatically Murican, especially the wealthy ones.
OceanEcosystem
(275 posts)If Pacquiao isn't a US citizen, then what exactly is the point of this thread? People here are acting as if he owes the US government something or as if he's somehow obligated to the United States in some way.