MANILA – Senate President Franklin Drilon isn't keen on granting Sarangani Rep. Manny Pacquiao a tax incentive as proposed by Senator Koko Pimentel.
"I don’t think Manny Pacquiao will even favor from it, he doesn’t need special treatment, he just wants to make sure he can bring honor to our country. We have to examine whether this is constitutional, we have to examine the proposal in the sense that if will this violate equal protection of the law clause of the constitution,” he said.
Pimentel’s proposal isn’t the first proposal to give Pacquiao a tax incentive. Last year, there was also a proposal at the Lower House to give Pacquiao a tax incentive for the honors he brought to the country in his career as a professional boxer.
Pacquiao has been the subject of a tax investigation and prosecution by the Bureau of Internal Revenue in connection with tax liabilities incurred from his previous boxing matches in the US.
The Philippines and the US have tax treaties that allow citizens of either country who pay taxes in the other country to have those tax payments credited against their tax liabilities in their home country.