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Slavica Ecclestone's not-so-secret £10m payment to the tax man

An investigation by the BBC has apparently revealed that Formula One boss Bernie Ecclestone 'has avoided a potential £1.2bn tax bill as a result of a secret deal with HMRC,' the UK's tax authority. However, in fact this doesn't seem to be the case according to in an article in Forbes magazine written by Christian Sylt.Given the fact that Ecclestone's family have amassed more than £2.4bn ($4bn) from F1 it is no surprise that they have been investigated by HMRC over the years. The BBC report is about the channel's current affairs programme Panorama which is tonight due to broadcast an episode devoted to Ecclestone.The programme claims that HMRC 'spent nine years investigating the...
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