News Details

F1 supremo Bernie Ecclestone faces $1.6 billion tax bill

British tax authorities have resumed a $1.6 billion pursuit of F1 supremo Bernie Ecclestone. Bloomberg reports that the 84-year-old initially settled the dispute over his family trust Bambino. 'The tax and interest demanded as a result of the decision is over 1 billion pounds,' London judge Kenneth Parker declared on Thursday. The tax authorities claim Ecclestone 'withheld information' when he reached the 2008 settlement that subsequently came to light during the Gerhard Gribkowsky corruption trial last year, Bloomberg explained. A spokesman for Ecclestone said the F1 chief executive and billionaire is now exploring 'other legal avenues' to get the authorities to honour the settlement....
Full Story »
10y ago from ThisIsF1.com 0
Share

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 in £1bn tax fight

F1 supremo Bernie Ecclestone faces a £1bn tax bill after HMRC...
10y ago from Pitpass.com

Ecclestone to fight £1b tax bill

Bernie Ecclestone has vowed to fight after Her Majesty's Revenue and...
10y ago from PlanetF1.com

Bianchi family “waiting for a miracle”

Although there is no change in Bianchi’s condition in hospital in his...
10y ago from Motorsport.com

Elsewhere On The Network

Popular On MGPToday.com

Maverick Vinales: ‘It was a big mistake’ to reject...

Maverick Vinales admitted it was a “big mistake” to reject offers...
20h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Scott Dixon bet on two stop strategy after he saw...

Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...

IndyCar Mid-Ohio – Race Results

IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Enquiries made: Carlos Cuesta seeking reunion with...

Carlos Cuesta is reportedly seeking a reunion with one player he knows...
43m ago from CaughtOffside.com

Not Gyokeres: Arsenal involved in talks to sign...

Arsenal remain in active negotiations with RB Leipzig for the signing of...
1h ago from CaughtOffside.com

No-no to Noni?

Morning. After news emerged yesterday that Arsenal had made contact with...
2h ago from Arseblog.com

'Zero ambition' – Over 1,000 Arsenal fans sign...

Over a thousand Arsenal fans have signed a petition urging their club not...
3h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.