Pacquiao could have migrated to US, boxing analyst says

By Dennis Gasgonia,

Posted at Nov 29 2013 08:37 PM | Updated as of Dec 02 2013 11:37 PM

Is it still practical for Manny Pacquiao to stay in the Philippines? Photo by REUTERS

'But Manny won't do that'

MANILA  – Boxing analyst Ronnie Nathanielsz said Manny Pacquiao had the choice to live a comfortable life in the US instead of staying in the Philippines.

Doing so could have prevented Pacquiao from the suffering ordeal he has been going through because of his alleged unpaid taxes in the Philippines.

“Somebody suggested that he migrate in the US,” Nathanielsz said in an interview with ANC anchor TJ Manotoc. "Live there, fight there, keep your money there. Wala kang problema."

“But Manny won't do that.”

Nathanielsz said that like any other Filipino, Pacquiao chose to stay home and be with his countrymen.

He said the fighting congressman decided to bring his money back and invest it in the Philippines.

“Si Manny Pacquiao, if he wished, could have kept all his money sa US, not brought it here and invest it here,” said Nathanielsz, who has seen Pacquiao’s rise from being a dirt-poor boxer to an international boxing sensation.

“As a good citizen, he brought his money here, he invested it here in whatever way he did and he's paying the corresponding taxes.”

Nathanielsz, however, believes Pacquiao needs to get the services of a good accountant.

He said that the Filipino fighter has been earning so much that he cannot keep track of his money.

“Isang problema ni Manny, some of the expenses, he forgets, so he loses,” explained the analyst. “So, minsan, may problema. Manny needs to get mahusay na accountant and bookkeeper. Iyun ang importante sa kanya. Otherwise, he might later find out may problema na siya, hindi tama yung accounting niya.”

Pacquiao is currently embroiled in a P2.2-billion case case with the Bureau of Internal Revenue (BIR).

The BIR has issued a warrant of garnishment, levy and distraint on some of Pacquiao's bank accounts and properties after the boxer reportedly failed to declare the taxes he paid in the US in 2009.