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
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...
Lorenzo lands front row Start for Indianapolis GP
No description available...
20h ago from Motorsport.com
Marquez and Pedrosa complete perfect 1-2 in qualifying...
No description available...
20h ago from Motorsport.com
Gresini and Cecchinello: Two decades as grand prix...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
Pietro Fittipaldi is fueled by 5-Hour Energy and lots...
No description available...
20h ago from Motorsport.com
How Scott Dixon pulled off another fuel-saving...
No description available...
1d ago from Motorsport.com
Scott Dixon bet on two stop strategy after he saw...
Scott Dixon took victory in Sunday’s IndyCar race from Mid-Ohio,...
2d ago from MotorsportWeek.c...
IndyCar Mid-Ohio – Race Results
IndyCar visited Mid-Ohio over the weekend for Honda’s home event and a...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Saudi’s first female racer welcomes a new future for...
No description available...
20h ago from Motorsport.com
Dermot O’Leary to host the 2025 Autosport Awards
No description available...
20h ago from Motorsport.com
F1 celebrates historic milestone with big events and...
No description available...
20h ago from Motorsport.com
Why Abu Dhabi is launching an ambitious new autonomous...
No description available...
20h ago from Motorsport.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
Max Verstappen takes dig at Red Bull after brutal axe
Max Verstappen has aimed a subtle dig at Red Bull... Read More »
2h ago from GPFans.com
Ferrari eyes ‘super boss' to oversee Vasseur
Jul.10 Another secret of Ferrari's 2025 woes... Read More »
3h ago from OneStopStrategy.com
Chandhok tips possible F1 destination for Horner after Red...
Following Christian Horner’s abrupt dismissal... Read More »
1h ago from F1i.com
