MANILA, Philippines — In coming to boxing superstar Manny Pacquiao’s defense, a colleague in the House of Representatives has proposed an unprecedented idea: Exempt him from paying income taxes for the rest of his life.
Valenzuela Rep. Magtanggol Gunigundo has filed a bill to save Pacquiao, who is also Sarangani representative, the trouble of paying income taxes for as long as he lives, for the outstanding honor and pride the “People’s Champ” has given to his countrymen. Read more...
Then another...
Atienza’s bill provides tax exemptions for prizes of both amateur and professional Filipino athletes in sports competitions sanctioned by international groups or certified by the Philippine Sports Commission. Read more...
Finally, a voice of reason courtesy of Ramon Tulfo...
Gunigundo, who is Pacquiao’s colleague in the House of Representatives, says the Sarangani representative should not go to the trouble of paying income taxes for as long as he lives.
Why? Because, according to Gunigundo, Pacquiao has given honor and pride to our country.
In that case, all the Filipino beauty queens who have made the country proud should also be exempt from paying taxes.
Other athletes who win world titles should be exempt from paying taxes because they bring honor to the country.
Families of Filipino overseas contract workers who bring in billions of dollars into the country should also be exempt from paying taxes.
Gunigundo is like this congressman who wanted to outlaw typhoons.
What is surprising is that many of Gunigundo’s colleagues in the House are backing his proposal.
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