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 »
1y 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...
1y ago from TheF1Times.com

Ecclestone avoids potential £1bn tax

Formula 1 boss Bernie Ecclestone has avoided a potential £1.2bn tax bill...
1y 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...
1y ago from Pitpass.com

'Bernie paid to avoid £1.2bn tax bill'

In a month when Bernie Ecclestone is in the spotlight for unwanted...
1y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP riders get penalties for missing promotional...

MotoGP riders get penalties for missing promotional events MotoGP riders...
7h ago from MotoGPFanatic.com

Alpinestars release Baz crash data

Alpinestars have released the data recorded by Avintia Ducati racer Loris...

FIM mandate MotoGP tyre pressure sensors

The FIM have, in the wake of Loris Baz’s high-speed crash earlier this...
15h ago from MotorcycleNews.c...

Dovizioso hits the wall in Ducati development at Sepang

Factory Ducati rider Andrea Dovizioso has left the first test of the...

Popular On IndyCarToday.com

'Very possible' Robin Frijns will make Andretti...

Andretti Autosport team boss Michael Andretti has revealed that it is...
12h ago from GrandPrixTimes.c...

LIGHTS: Davey Hamilton Jr joins field

Davey Hamilton Jr., son of veteran Indy car competitor Davey Hamilton,...
14h ago from Racer.com

INDYCAR: Andretti - 'It's killing me not having a win'

The pressure of living up to his legendary last name has always dogged...
2d ago from Racer.com

McCormack Racing, Davey Hamilton Jr. Join Forces for...

INDIANAPOLIS, Ind. – 18-year-old King of the Wing Sprint Car Series...

Popular On TotalWRC.com

Santosh Q&A: "Want to go back to Dakar & realize...

CS Santosh’s second attempt at conquering Dakar was short-lived, as he...
21h ago from Motorsport.com

Meeke, Al-Qassimi and Breen up for Swedish challenge

Each Abu Dhabi Total WRT's crew will have to negotiate different...
13h ago from Motorsport.com

Hyundai Bring Three New Generation I20s To Sweden

After securing a podium finish in the opening round of the 2016 FIA World...
16h ago from TheCheckeredFlag...

24-time X Games medalist Dave Mirra dies in apparent...

X Games legend Dave Mirra has tragically died at the age of 41. Mirra was...
2d ago from Motorsport.com

Popular On GunnersToday.com

Ezequiel Lavezzi To Turn Down Arsenal For China Move

It has been reported that PSG attacker Ezequiel Lavezzi will choose China...
1h ago from Nastytackle.com

Wojciech Szczesny Rates Mesut Ozil Ahead Of Cesc...

It has been reported that Arsenal goalkeeper Wojciech Szczesny rates...
3h ago from Nastytackle.com

Arsene Wenger insists Arsenal must get back to winning...

ARSENE WENGER feels Arsenal’s visit to Bournemouth today could make or...
7h ago from Express.co.uk

Arsenal Tracking Norwich City Youngster Todd Cantwell

Reports are out claiming that Arsenal are tracking Norwich City teen Todd...
58m ago from Nastytackle.com

Comments

Hottest News

Mercedes F1 power unit delivering over 900bhp

Mercedes has revealed that its dominant power... Read More »
15h ago from F1i.com

Mercedes has made 'huge gains'

Mercedes fires a warning shot across the bows of... Read More »
17h ago from Pitpass.com

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.