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Ecclestone in new 1bn tax row
Bernie Ecclestone arrived in Monaco for this weekend's grand prix in the midst of another wrangle over his financial affairs. F1's commercial guru told reporters that he had been forced to initiate legal action against the British tax authorities after they appeared to ignore a previous agreement regarding the Ecclestone family's Bambino trust and demanded the 84-year old stump up in excess of £1bn. "All this is technical, so I don't know what we've done or haven't done," he insisted, "I've paid all the taxes I've ever had to pay, [and the legal team] said the best thing to do to get this out of the way is to take the action they have taken.” Ecclestone cited an agreement...
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