Boxing - Pacquiao wins round in bruising Philippines tax fight

AFP
Boxing - Pacquiao wins round in bruising Philippines tax fight
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Manny Pacquiao of Philippines celebrates victory over Timothy Bradley of US following their WBO World Welterweight Championship title match at the MGM Grand Arena in Las Vegas, Nevada on April 12, 2014. Pacquiao went on to wina 12-round unanimous decision over Bradley to avenge his controversial 2012 loss to the previously unbeaten American. AFP PHOTO / JOE KLAMAR (AFP Photo/JOE KLAMAR)

- Philippine world boxing champion Manny Pacquiao has won a Supreme Court reprieve in his battle to avoid paying tens of millions of dollars in extra taxes, authorities said Thursday.

Pacquiao will not have to post a cash bond of 3.3 billion pesos ($75.2 million) and the government is banned from seizing any of his assets while his income tax case is being heard, according to a Supreme Court ruling.

The ruling, handed down this week and sent to AFP by court spokesman Theodore Te on Thursday, also ordered the proceedings be carried out more quickly as they began last year and are still in the pre-trial stage.

Pacquiao expressed relief at the ruling. "Let us now let the legal process take its course. For now, I am just glad I will be able to concentrate on training," he said in a statement.

AFP

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