Showing posts with label Boxing Champion. Show all posts
Showing posts with label Boxing Champion. Show all posts
Thursday, March 27, 2014
Pacquiao launches traditional weight loss contest before big fight
LOS ANGELES—World eight-division boxing champ Manny Pacquiao has launched a weight-loss contest among female family members of the Team Pacquiao with the “biggest loser” standing to pocket nearly P450,000 ($1=P44.98).
Pacquiao said the two-week weight-loss contest, which started Sunday and would go on up to April 6, was not just meant to encourage health and fitness among female team members but also for them to appreciate the “hard work and hardship of attaining the weight limit for a boxer.”
It was not immediately known how many female members of the team were overweight but as of Tuesday, the number of contestants has already reached 30.
Pacquiao said those who would lose 10 percent of their pre-contest weight would go home richer.
Those who would only achieve an eight-percent weight loss would be getting $3,000 each, he said.
Clement Asencio, a member of Team Pacquiao, told the Philippine Daily Inquirer that to be able to get cash, the participants would have to shed off not less than eight percent of their total body weight.
“The final weigh-in will be held on April 6 to determine the winners,” Asencio said.
But he said Pacquiao made it clear that only one female team Pacquiao member would get the top prize of $10,000.
“Only one biggest weight loser will bring home the $10,000 prize,” he said. It was unclear yet how a winner would be picked if several contestants were able to lose 10 percent of their weight.
“(But) others, who would succeed in reducing by eight percent their total body weight, would pocket $3,000 each,” Asencio said.
In 2008, the weight-loss contest included male members of Team Pacquiao with assistant coach and trainer Buboy Fernandez emerging the winner.
“This time, male members of Team Pacquiao were excluded because each of us has an assigned task while Congressman Pacquiao is training for his fight. If we ourselves are participants to the contest it would affect our work considering that we have to skip meals, do the roadwork, etc. just to lose weight,” Fernandez said.
But male Team Pacquiao members need not be envious though because Pacquiao has planned a basketball tournament for the men, Fernandez said.
Already, he said that the Team Pacquiao was divided into several teams for the basketball tournament, in which, big prizes would also be up for grabs.
Aside from being pugilist, Pacquiao is also a basketball buff and a billiards enthusiast.
He also raises fighting cocks in his sprawling farms in Sarangani.
source: sports.inquirer.net
Wednesday, April 4, 2012
From being No. 1 taxpayer in 2008, Pacquiao slides to 135th spot in 2010
From being number one in 2008, Sarangani Rep. and world boxing champion Manny Pacquiao slid to the 135th spot among the country’s Top 500 individual taxpayers in 2010, latest data from the Bureau of Internal Revenue (BIR) showed.
Pacquiao, who is currently at loggerheads with the BIR, paid only P9,190,691 in taxes in 2010 despite having a taxable income of P504.5 million, the bureau said.
In 2008, Pacquiao paid over P125 million, making him the top taxpayer for that year.
The eight-time world champion is currently facing a criminal case for obstructing a tax investigation into his earnings, a case that he said has cost him a fortune in endorsements.
The case was filed by the BIR last February after Pacquiao allegedly failed to submit proper documents about his earnings from boxing matches and his numerous commercial endorsements.
The BIR, through the agency’s regional director Rozil Lozares, issued a Letter of Authority to the boxing icon requiring him to submit documents regarding his earnings. Pacquiao allegedly failed to comply.
The BIR wants to investigate Pacquiao’s 33 tax records, including his annual income tax return in 2010, his book of accounts, list of assets, as well as his earnings from his fights against Antonio Margarito and Joshua Clottey.
GMA News Online called Pacquiao's business manager Rex "Wakee" Salud over the phone, but the boxing champ's camp is still to issue an official statement as of this posting.
Pacquiao’s tax payments substantially declined to some P7 million in 2009 from P125 million in 2008–a drastic drop that got the bureau curious.
Pacquiao has vowed to fight the case in court and accused the BIR of singling him out for harassment.
According to the latest BIR list, businessman Vicente Lao was the top taxpayer for 2010. He had a taxable income of P235 million that year and paid taxes of P75 million.
After Lao, businessman Rolando Hortaleza placed second with P69.665 million in taxes. Filmmaker Carlo J. Caparas, once the subject of a tax case filed by the BIR, came in third with P65.670 million in taxes.
For non-individual taxpayers, communications giant Smart Communications topped the list with P11.456 billion for 2010. Other top corporate taxpayers were Chevron Malampaya LLC (P4.378 billion) and Shell Philippines Exploration (P4.327 billion).
Nestle and San Miguel placed fourth and fifth, with P4.277 billion and P4.206 billion, respectively. — KBK/VS, GMA News
source: gmanetwork.com
Pacquiao, who is currently at loggerheads with the BIR, paid only P9,190,691 in taxes in 2010 despite having a taxable income of P504.5 million, the bureau said.
In 2008, Pacquiao paid over P125 million, making him the top taxpayer for that year.
The eight-time world champion is currently facing a criminal case for obstructing a tax investigation into his earnings, a case that he said has cost him a fortune in endorsements.
The case was filed by the BIR last February after Pacquiao allegedly failed to submit proper documents about his earnings from boxing matches and his numerous commercial endorsements.
The BIR, through the agency’s regional director Rozil Lozares, issued a Letter of Authority to the boxing icon requiring him to submit documents regarding his earnings. Pacquiao allegedly failed to comply.
The BIR wants to investigate Pacquiao’s 33 tax records, including his annual income tax return in 2010, his book of accounts, list of assets, as well as his earnings from his fights against Antonio Margarito and Joshua Clottey.
GMA News Online called Pacquiao's business manager Rex "Wakee" Salud over the phone, but the boxing champ's camp is still to issue an official statement as of this posting.
Pacquiao’s tax payments substantially declined to some P7 million in 2009 from P125 million in 2008–a drastic drop that got the bureau curious.
Pacquiao has vowed to fight the case in court and accused the BIR of singling him out for harassment.
According to the latest BIR list, businessman Vicente Lao was the top taxpayer for 2010. He had a taxable income of P235 million that year and paid taxes of P75 million.
After Lao, businessman Rolando Hortaleza placed second with P69.665 million in taxes. Filmmaker Carlo J. Caparas, once the subject of a tax case filed by the BIR, came in third with P65.670 million in taxes.
For non-individual taxpayers, communications giant Smart Communications topped the list with P11.456 billion for 2010. Other top corporate taxpayers were Chevron Malampaya LLC (P4.378 billion) and Shell Philippines Exploration (P4.327 billion).
Nestle and San Miguel placed fourth and fifth, with P4.277 billion and P4.206 billion, respectively. — KBK/VS, GMA News
source: gmanetwork.com
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