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India not giving up hope

Officials in India are working hard to resolve a taxation anomaly that threatens the future of Formula One in the country.Yesterday, Bernie Ecclestone confirmed that, contrary to speculation, India will not return to the calendar in 2015 indeed, it will probably be 2016 before the sound of F1 fills the Buddh International Circuit.One of the reasons that India has slipped off the calendar so quickly is the fact that Formula One is seen as entertainment in the country and not as sport, which has led to problems with the taxman.Now, the Federation of Motor Sports Clubs of India (FMSCI) is working towards a solution that might see the sport (entertainment) return to the country.'It's...
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11mo ago from Pitpass.com 0
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