Pacquiao denies he owes IRS $18 million

Eight-division boxing champion Manny Pacquiao on Wednesday said the reports that he owed more than $18 million in taxes in the United States were the handiwork of people out to destroy him.

“It’s not true I owe the [US Internal Revenue Service] $18 million in back taxes,” Pacquiao said. “How can that be?” he asked, referring to the report about his supposed tax liability. “Top Rank Promotions is deducting IRS taxes automatically before giving or releasing my purse. In the US, taxes are immediately deducted from your income.” (AFP)