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 »
Full Story »
10y ago from ThisIsF1.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 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
Honda completes another test with 2027 bike as Ducati...
No description available...
8h ago from Motorsport.com
Jorge Martin: Aprilia signed me to win the title,...
No description available...
11h ago from Motorsport.com
Aprilia reveals 2026 MotoGP bike for Marco Bezzecchi...
No description available...
1d ago from Motorsport.com
Can Aprilia dethrone Ducati in the 2026 MotoGP title...
The conclusion of the 2025 MotoGP season saw an unprecedented level of...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Long Beach to bring in new leadership for iconic event
Organizers of the annual Grand Prix of Long Beach event have announced...
1d ago from MotorsportWeek.c...
Grand Prix of Long Beach set for leadership change
No description available...
1d ago from Motorsport.com
Pato O’Ward joined by F2 champion in McLaren F1...
McLaren has announced its driver development program lineup for 2026,...
1d ago from MotorsportWeek.c...
Kucharczyk set for 2026 Indy NXT run with HMD
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
Ford's Nani Roma survives late crash and fuel drama to...
No description available...
8h ago from Motorsport.com
Dakar 2026, Stage 13: Nasser Al-Attiyah wins to extend...
No description available...
14h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta gives intriguing response to question...
Arsenal manager Mikel Arteta has spoken out on the reported addition...
3h ago from CaughtOffside.com
White Unlikely To Depart But Will Arsenal Strengthen...
With us now a few weeks into the New Year, the January transfer window has...
6h ago from FreshArsenal.com
Premier League news: Arteta plays down Rice’s tunnel...
No description available...
7h ago from TheGuardian.com
Here we go: Arsenal & Liverpool transfer target...
Manchester City reportedly look to be closing in on the £20m transfer of...
11h ago from CaughtOffside.com
Comments
Hottest News
Cadillac completes 'emotional' shakedown at Silverstone
As the countdown to pre-season testing... Read More »
4h ago from MotorsportWeek.com
F1: Cadillac hits the track
Cadillac was in action at Silverstone today, as... Read More »
5h ago from Pitpass.com
Red Bull 'on the limit' of F1 rules after Mercedes 'trick...
Red Bull's power unit boss Ben Hodgkinson has... Read More »
14h ago from RacingNews365.com
