News Details

F1's tax bill shows that Ecclestone hasn't lost his magic

Anyone who thinks that Formula One's 82 year-old boss Bernie Ecclestone - seen here heading to the negotiating table - is losing his edge in old age should think again. It's no secret that F1 generates fantastic profits for its controlling shareholder, the private equity firm CVC, but what is less well-known is how little tax the business pays. All companies have a duty to their shareholders to minimise their tax bills and F1 is certainly no different. It has one of the world's shrewdest dealmakers in the driving seat and an article on the cover of today's Independent newspaper, written by Pitpass' business editor Christian Sylt, reveals that Ecclestone has negotiated one of the most...
Full Story »
10y ago from Pitpass.com 0
Share

You May Also Be Interested In...

Ellinas makes history for Marussia

Tio Ellinas made history on the first day of the Young Driver Test at...
10y ago from RichlandF1.com

Ecclestone successor to come from outside F1

For years the question of who will replace Formula One boss Bernie...
10y ago from Pitpass.com

Bernie Ecclestone: The good, the bad and the ugly

Bernie Ecclestone's eye for a deal has made him a fortune and turned...
10y ago from GrandPrix247.com

Ecclestone: Nothing has changed

Bernie Ecclestone says CVC, the owners of formula one's commercial...
10y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

F1 owner Liberty Media set to finalise purchase of...

Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
23h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Rosenqvist: Confidence within MSR growing with every...

Felix Rosenqvist has started off his time with Meyer Shank Racing on a...

Popular On TotalWRC.com

Popular On GunnersToday.com

Exclusive: 100m-rated striker is top of Arsenal's...

It's no secret that Premier League table-toppers Arsenal are already...
1h ago from CaughtOffside.com

Arsenal and Liverpool need to pay 60 million if they...

Real Sociedad midfielder Martin Zubimendi has been linked with a move away...
1h 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.