News Details

Ecclestone avoids 1.2bn tax bill

Bernie Ecclestone has reportedly been able to avoid a tax bill of over £1bn despite his affairs being investigated by UK officials. The F1 ringmaster, who is currently facing bribery charges in Germany relating to the sale of F1's commercial rights to investment group CVC, was subjected to nine years of probing by HMRC, but ended up paying just £10m instead of a potential £1.2bn. According to the BBC's Panorama programme, the figure dates back to the point where Ecclestone acquired the television rights to F1 but, because he moved the rights on to his then wife, who transferred them to an offshore family trust, he was no longer liable to pay tax when the asset was sold on at a vast...
Full Story »
10mo ago from Crash.net 0
Share

You May Also Be Interested In...

Ecclestone avoids paying £1.2bn tax bill

Bernie Ecclestone has avoided paying a potential tax bill of £1.2...
10mo ago from TheF1Times.com

Ecclestone avoids potential £1bn tax

Formula 1 boss Bernie Ecclestone has avoided a potential £1.2bn tax bill...
10mo ago from BBC.co.uk

Slavica Ecclestone's not-so-secret £10m payment to...

An investigation by the BBC has apparently revealed that Formula One boss...
10mo ago from Pitpass.com

'Bernie paid to avoid £1.2bn tax bill'

In a month when Bernie Ecclestone is in the spotlight for unwanted...
10mo ago from PlanetF1.com

Elsewhere On The Network

Popular On MotoGPToday.com

Shell Advance Asia Talent Cup Sepang test draws to a...

Under the watchful eye of Alberto Puig and HRC MotoGP test rider Hiroshi...
4h ago from MotoGP.com

FIM CEV Repsol Championship to reach global audience

The championship, which includes the Moto3 Junior World Championship, the...
5h ago from MotoGP.com

Rivals sound off on GP15

The new Ducati GP15 turns heads up and down the Sepang pitlane during the...

Aprilia still backing Melandri but cracks are clear

Marco Melandri made no secret of his thoughts about returning to MotoGP...

Popular On IndyCarToday.com

IndyCar: Teams take delivery of aero kits ahead of...

Teams aligned with either Chevrolet or Honda have taken delivery of the...
22h ago from Racer.com

Ed Jones and Carlin Racing Shine at Soggy Barber Test

Indy Lights Presented by Cooper Tires made the prudent decision to...
18h ago from OpenWheelWorld.n...

Testing IndyCar's aero kits with Tony Kanaan

Tony Kanaan spoke in an interview with Motorsport.com about his time...
1d ago from Motorsport.com

IndyCar vs. action motorsports – a retraction

RACER.com has removed a story that appeared yesterday (Friday 02/27)...
1d ago from Racer.com

Popular On TotalWRC.com

Hot, hot, hot for Mexico fiesta

After snow, ice and fog during the opening two rounds in Monte-Carlo and...
3h ago from WRC.com

In a spin: The cars of 2015

In a spin: The cars of 2015 Here’s your chance to see the latest cars...
3h ago from WRC.com

Rally Fans… Are We Doing Our Part?

Jason Anthony, ladies and gentlemen. This time he wants to know if you...

Paddon fully focused for Rally Mexico

Hayden Paddon says he is focusing on his best performance on unfamiliar...
1d ago from Crash.net

Popular On GunnersToday.com

Homecoming hero in line to replace Arsene Wenger at...

Thierry Henry – perhaps the most loved and admired player to ever grace...

Arsenal fan's view: A top-two finish after years of...

Arsenal fan's view: A top-two finish after years of obscurity would...
5h ago from DailyMail.co.uk

(Image) Kanye West Sends Brooklyn Beckham Free Pair Of...

Jammy Beckham Jr gets a free pair of kicks. Brooklyn Beckham may have...
10h ago from CaughtOffside.com

Monaco warn Arsenal and Man Utd to pay £14.5m for...

GETTY Geoffrey Kondogbia scored against Arsenal at the Emirates The...
11h ago from Express.co.uk

Comments

comments powered by Disqus

Hottest News

Former F1 driver says Alonso took ‘600 watt hit’

Officially, a gust of wind blew Fernando Alonso... Read More »
13h ago from ThisIsF1.com

Tech Analysis: Final Barcelona test roundup

William Tyson analyses the latest technical... Read More »
5h ago from RichlandF1.com

Ferrari SF15-T: Front Wing changes in Barcelona

Ferrari introduced a new front wing at the last... Read More »
1h ago from F1Zone.net

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.