6. Manny Pacquiao Tax Evasion
Amount: $75 million
Year: 2014
Just when you were getting bored of all those (un)believable schemes and frauds, here is a celebrity in the list of biggest accounting scandals in recent years in the Philippines. Manny Pacquiao was a boxing champion with senatorial ambitions. He has won world championships in eight weight classes, a fact which is beyond impressive. In a nutshell, he used the fact that he had some fights in the USA as an excuse for not paying the taxes neither to the Philippines government nor to the US. For his country, he argued that the fights were abroad. As for the IRS, his arguments was that he is not a US citizen. The Bureau of Internal Revenue was not too happy with the explanation, and neither was the IRS, which led to BIR to sue Filipino’s favorite athlete for $75 million.
Pixabay / Public domain
