News Details
Ecclestone avoids potential £1bn tax
Formula 1 boss Bernie Ecclestone has avoided a potential £1.2bn tax bill as a result of a secret deal with HMRC. The deal involved a payment of just £10m, according to legal transcripts obtained by BBC Panorama. Revenue & Customs spent nine years investigating the Ecclestone family's tax affairs before offering to settle in return for the payment from the family trusts in 2008. Mr Ecclestone said he paid more than £50m in tax last year. Mr Ecclestone, the chief executive of Formula 1, is currently on trial in Germany facing corruption charges. It is alleged he was behind a £26m bribe paid to a bank official. Prosecutors allege the bribe was paid to ensure that Mr Ecclestone retained...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone denies bribery as trial begins in Munich
Bernie Ecclestone and his legal team have denied all charges of bribery...
9y ago from TheF1Times.com
Revealed: Ecclestone's £300m payout from family trust
All eyes were on a court room in Munich on Thursday as the bribery trial...
9y ago from Pitpass.com
Senna's family 'didn't expect the worst'
Watching on TV, Ayrton Senna's family expected him to walk away from the...
9y ago from PlanetF1.com
Ecclestone trial begins in Germany
Bernie Ecclestone's high-profile trial on bribery charges has begun in...
9y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
9h ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
13h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
1d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
5h ago from Motorsport.com
Power “didn't have any defense” against Dixon due...
No description available...
5h ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
13h ago from MotorsportWeek.c...
Arrow McLaren confirms Pourchaire for Barber...
No description available...
13h ago from Motorsport.com
Popular On TotalWRC.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
1d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
1d ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Ogier's last-gasp Croatia Rally victory on surprising...
There had been no major incident on WRC Croatia for 17 stages. That...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Thiago Silva's wife Belle reacts on social media after...
No description available...
2h ago from SportsKeeda.com
'This was men against boys' - Rio Ferdinand on...
No description available...
4h ago from SportsKeeda.com
Manchester United, Arsenal dealt blow in pursuit of...
Premier League duo Manchester United and Arsenal suffer a blow in their...
3h ago from SportsMole.co.uk
Arsenal 5-0 Chelsea: Gunners' Player Ratings as...
No description available...
5h ago from SportsKeeda.com
Comments
Hottest News
Hamilton car camera captures Verstappen's TRUE feelings...
A touching moment at the Chinese Grand Prix... Read More »
10h ago from GPFans.com
Horner Red Bull saga in new 'evidence' update as big F1...
The Christian Horner saga rumbles on as Red... Read More »
5h ago from GPFans.com
F1 team 'set to announce MEGA signing' in major Red Bull...
Ferrari have already signed Lewis Hamilton for... Read More »
8h ago from GPFans.com