News Details
Ecclestone in £1bn tax fight
F1 supremo Bernie Ecclestone faces a £1bn tax bill after HMRC launches fresh challenge. Tax officials in the UK have issued a demand for more than £1bn in a case that stems from the Bambino Trust set up by Ecclestone in 1997 in Liechtenstein. While Ecclestone is understood to have come to an agreement with HM Revenue and Customs in 2008, paying an alleged £10m settlement, the trial of former BayernLB banker Gerhard Gribkowsky and subsequent legal cases in Germany, spurred the tax man into action resulting in a new bill for £1bn. The Bambino Trust, was set up for his (then) wife and daughters, and under the terms of the trust Ecclestone was to have no influence on...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Stewart: Bernie will be missed but he will be replaced
Formula 1 legend Jackie Stewart predicts that the Bernie Ecclestone will...
10y ago from GrandPrix247.com
Ecclestone pushing to bring back screaming V8 engine
Bernie Ecclestone is continuing to rail against F1's modern-day engine...
10y ago from ThisIsF1.com
Ecclestone: These engines do not help F1 in any way
Formula 1 supremo Bernie Ecclestone is continuing his ongoing...
10y ago from GrandPrix247.com
FIA to outline Strategy Group results on Friday
F1 supremo Bernie Ecclestone and CVC chairman Donald Mackenzie The news...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: ‘I prefer to be pessimistic’ about...
Marc Marquez admits he prefers to be “pessimistic” over his chances...
20h ago from MotorsportWeek.c...
The winners and losers from MotoGP's German Grand Prix
No description available...
23h ago from Motorsport.com
Fabio Quartararo admits 'tensions' within Yamaha over...
No description available...
1d ago from Motorsport.com
Attritional German GP matches record for fewest...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Alex Palou opens ‘all the options’ in Ganassi’s...
Alex Palou won his seventh IndyCar race of the season on Sunday,...
13h ago from MotorsportWeek.c...
Juncos Racing truck catches fire on the way back from...
No description available...
14h ago from Motorsport.com
Linus Lundqvist on standby if Nolan Siegel cannot race...
Arrow McLaren announced on Monday that Linus Lundqvist will be with the...
13h ago from MotorsportWeek.c...
Mixed Iowa fortunes eliminates Team Penske from...
Team Penske showed flashes of domination in the two races from Iowa...
16h ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Thierry Neuville's WRC co-driver prepared for...
No description available...
3h ago from Motorsport.com
Rajah Caruth and Jake Finch secure rides for Dover...
No description available...
11h ago from Motorsport.com
Trackhouse appoints former Joe Gibbs Racing executive...
No description available...
12h ago from Motorsport.com
Winners and losers from SVG's dominant NASCAR Cup win...
No description available...
12h ago from Motorsport.com
Popular On GunnersToday.com
Premier League fans in Asia want to feel valued –...
-season trips to Asia may not be new for English clubs, but they remain a...
1h ago from TheGuardian.com
Manchester United offered chance to sign 22-year-old...
Manchester United have reportedly been offered the chance to sign...
1h ago from SportsKeeda.com
Gyokeres add-ons sticking point : Mosquera deal agreed
Morning. I see some rumours from the Portuguese press that Viktor...
2h ago from Arseblog.com
Transfer latest: Arsenal agree £16.5m deal for...
t;li>Arsenal to pay Valencia initial £13m for defenderFluminense...
12h ago from TheGuardian.com
Comments
Hottest News
F1 News Today: Shock Aston Martin exit to open door for...
George Russell's long-term F1 future with... Read More »
3h ago from GPFans.com
Lando Norris reveals British GP regret after controversial...
McLaren F1 star Lando Norris has revealed that... Read More »
41m ago from GPFans.com
Lewis Hamilton 'won't be at Ferrari for much longer' if key...
F1 journalist Will Buxton has suggested that... Read More »
2h ago from GPFans.com
