Pacquiao wants his September fight to take place in Philippines
By Chris Williams: If Manny Pacquiao gets his way his next fight in September will be in his home country of the Philippines in front of a large flock of his adoring Filipino fans. However, the chances of that happening are extremely remote at best due to the time difference between the United States and the Philippines.
For Pacquiao’s next fight to be staged in the Philippines, it will have to take place on Sunday morning instead of Saturday night in order for it to be televised live to the U.S, which is where Pacquiao makes most of his money through pay per view receipts from American boxing fans.
Pacquiao reportedly doesn’t want to have his next fight staged in the United States due to the taxes that are taken out. Pacquiao’s promoter Bob Arum told Abs-cbnnews.com “He [Pacquiao] says that he doesn’t want to fight in the United States because of the high taxes and it’s hard to not to blame him.”
Pacquiao won’t make the same kind of money in pay per view from any other country that he does in the U.S, yet he still doesn’t want to fight their because of the taxes that are taken out. If most of the money that Pacquiao is receiving is coming from PPV buys from the U.S., it’s hard to see how he’s coming out ahead by fighting in another country because the PPV money is still going to be taxed as it always is because it’s from the U.S fans.
As far as I can tell, the only thing that won’t be taxed is the gate money if they have it take place in another country. The ticket money is nothing compared to the PPV cash, so it’s not as if Pacquiao is making out well by fighting outside of the country.
Arum doesn’t see it as a realistic option for Pacquiao to fight in the Philippines because of the time difference. The Philippines is 16 hours ahead of California time in the U.S, which means Pacquiao would have to fight at 1 p.m on Sunday in order for the fight to be seen live on Saturday night in the United States.
If Pacquiao’s PPV money is still going to be getting hit by a big tax as it leaves the country, then he’s only going to be making out with the gate money, and I don’t know how much that’ll give him if the fight is staged in the Philippines. Can Arum sell tickets to the Filipino population for $200 to $1000? I doubt it.
I think Pacquiao is going to have to fight in Las Vegas, Nevada or Texas whether he likes it or not if he wants to get the huge gate cash from boxing fans. The U.S fans have the bank to pay those high ticket prices, and if the PPV money is going to be taxed anyway, he might as well fight in the U.S.
I can’t believe Arum and Pacquiao will get the U.S pay per view money tax free just by fighting outside of the U.S. That doesn’t make sense at all if the money is coming from U.S fans.
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