News Details
Ecclestone avoids 1.2bn tax bill
Bernie Ecclestone has reportedly been able to avoid a tax bill of over £1bn despite his affairs being investigated by UK officials. The F1 ringmaster, who is currently facing bribery charges in Germany relating to the sale of F1's commercial rights to investment group CVC, was subjected to nine years of probing by HMRC, but ended up paying just £10m instead of a potential £1.2bn. According to the BBC's Panorama programme, the figure dates back to the point where Ecclestone acquired the television rights to F1 but, because he moved the rights on to his then wife, who transferred them to an offshore family trust, he was no longer liable to pay tax when the asset was sold on at a vast...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone avoids paying £1.2bn tax bill
Bernie Ecclestone has avoided paying a potential tax bill of £1.2...
10y ago from TheF1Times.com
Ecclestone avoids potential £1bn tax
Formula 1 boss Bernie Ecclestone has avoided a potential £1.2bn tax bill...
10y ago from BBC.co.uk
Slavica Ecclestone's not-so-secret £10m payment to...
An investigation by the BBC has apparently revealed that Formula One boss...
10y ago from Pitpass.com
'Bernie paid to avoid £1.2bn tax bill'
In a month when Bernie Ecclestone is in the spotlight for unwanted...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Francesco Bagnaia's ‘true potential' will be...
Ducati CEO Claudio Domenicali says Francesco Bagnaia was...
16h ago from MotorsportWeek.c...
Former Marc Marquez rival believes Francesco Bagnaia...
Former Moto2 champion Stefan Bradl believes Marc Marquez's dominance at...
18h ago from MotorsportWeek.c...
MotoGP race winner Pedrosa to return to KTM for Misano...
No description available...
16h ago from Motorsport.com
Alex Marquez hits back at ‘disrespectful’...
Alex Marquez has hit back at claims he has “too much respect” for...
1w ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Andretti Global penalized following Herta inspection...
No description available...
9h ago from Motorsport.com
Andretti Global penalized following failed technical...
The NTT IndyCar Series has given a penalty to the #26 Andretti Global...
14h ago from MotorsportWeek.c...
IndyCar sees 50% viewership drop after going...
No description available...
1d ago from Motorsport.com
Pato O’Ward ran nearly 50% of Thermal race without...
Pato O’Ward finished second in Sunday’s race from The Thermal Club,...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Katsuta loses fifth after dramatic final-stage Safari...
No description available...
3d ago from Motorsport.com
Elfyn Evans bags the big game on Safari
Elfyn Evans and Scott Martin claimed their maiden Safari Rally Kenya...
3d ago from MotorsportWeek.c...
Evans wins brutal Safari Rally to boost WRC title bid
No description available...
3d ago from Motorsport.com
Rovanpera out of Safari Rally Kenya with mechanical...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal column: Myles Lewis-Skelly contract, when...
Myles Lewis-Skelly’s England success was a joy to watch – new...
1h ago from CaughtOffside.com
Real Madrid Transfer News Roundup: Los Blancos leading...
No description available...
2h ago from SportsKeeda.com
Talks this week: Arsenal & Chelsea transfer...
Arsenal and Chelsea have been among the clubs linked with Bournemouth...
9m ago from CaughtOffside.com
'I’m so impressed with him' - Manchester City's...
No description available...
4h ago from SportsKeeda.com
Comments
Hottest News
Honda wants Tsunoda to move to Aston Martin
Mar.27 Honda has indicated it would like to see... Read More »
39m ago from OneStopStrategy.com
Boss insists Ferrari did not cheat in China
Mar.27 Ferrari's 'search for perfection' went... Read More »
39m ago from OneStopStrategy.com
Former F1 driver pinpoints crucial Hamilton weakness
Lewis Hamilton is hungry for an eighth F1... Read More »
39m ago from RacingNews365.com
