By Rob Smith: Bob Arum says Manny Pacquiao will be looking to fight Juan Manuel Marquez outside of the United States for their fifth fight in September to escape the high taxes in the country. Pacquiao and Marquez both want to avoid the taxes for this fight, and Arum is planning on staging it in Mexico in Mexico City.
Arum said to ringtv “Pacquiao doesn’t want to fight in the United States because he’d have to give close to 40% [in taxes] to the government…They [Pacquiao and Marquez] would prefer for the fight not to be in the United States. That’s what happens when you raise taxes and you say ‘Well, let the rich pay.’”
That sounds like a good move for Arum, Pacquiao and Marquez. If they can get the U.S pay per view money tax free, then more power to them. They’re probably saving a bundle by making this move, and who knows how much time those guys have left in their careers. One more knockout loss for Pacquiao and it could be over, and Marquez will be 40-years-old by the time he faces Pacquiao for their fifth fight in September.