News Details
Ecclestone avoids potential £1bn tax
Formula 1 boss Bernie Ecclestone has avoided a potential £1.2bn tax bill as a result of a secret deal with HMRC. The deal involved a payment of just £10m, according to legal transcripts obtained by BBC Panorama. Revenue & Customs spent nine years investigating the Ecclestone family's tax affairs before offering to settle in return for the payment from the family trusts in 2008. Mr Ecclestone said he paid more than £50m in tax last year. Mr Ecclestone, the chief executive of Formula 1, is currently on trial in Germany facing corruption charges. It is alleged he was behind a £26m bribe paid to a bank official. Prosecutors allege the bribe was paid to ensure that Mr Ecclestone retained...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone denies bribery as trial begins in Munich
Bernie Ecclestone and his legal team have denied all charges of bribery...
11y ago from TheF1Times.com
Revealed: Ecclestone's £300m payout from family trust
All eyes were on a court room in Munich on Thursday as the bribery trial...
11y ago from Pitpass.com
Senna's family 'didn't expect the worst'
Watching on TV, Ayrton Senna's family expected him to walk away from the...
11y ago from PlanetF1.com
Ecclestone trial begins in Germany
Bernie Ecclestone's high-profile trial on bribery charges has begun in...
11y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse team owner Justin Marks: MotoGP must take...
No description available...
1h ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
4h ago from MotorsportWeek.c...
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
4h ago from Motorsport.com
Aleix Espargaro hospitalised after crash in Sepang...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
19h ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
1d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
1d ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg out of Croatia Rally (for now)
Friday: Oliver Solberg crashed out of Rally Croatia about four km into...
8h ago from MotorsportWeek.c...
WRC Croatia: Oliver Solberg crashes out on opening...
No description available...
6h ago from Motorsport.com
Elfyn Evans out of Croatia – SS3
Croatia’s Friday stages were all new. With a 16 second lead going into...
6h ago from MotorsportWeek.c...
Jon Armstrong succumbs to Croatia stages
Jon Armstrong has retired from Rally Croatia in stage four after he...
5h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal handed boost as Mikel Arteta confirms key...
Arsenal boss Mikel Arteta has confirmed that Eberechi Eze is fit for their...
1h ago from SportsKeeda.com
Arsenal enter race to sign 22-year-old midfielder...
Arsenal have reportedly joined Leeds United in the race for Stade Rennais...
5h ago from SportsKeeda.com
“Ronaldo should pack it now” - Ex-Arsenal star...
Former Arsenal midfielder Anders Limpar has urged Cristiano Ronaldo to...
4h ago from SportsKeeda.com
'He's saved us so many times' - Kai Havertz hails...
Kai Havertz heaped praise on Arsenal teammate David Raya following the...
3h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin spotted testing 'super-illegal' car during F1...
The five-week hiatus from the 2026 F1 season has... Read More »
1h ago from GPFans.com
Honda blamed for Adrian Newey F1 retirement U-turn: 'He was...
An F1 insider has revealed that Honda brought... Read More »
4h ago from GPFans.com
Piastri says he is now ‘more comfortable’ letting his...
For a driver once known for his cool, almost... Read More »
3h ago from F1i.com
