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

Casey Stoner to make motorcycle racing comeback

Former MotoGP World Champion Casey Stoner will make his motorcycle racing...
1d ago from Crash.net

Smith Braced for “Tough” Qualifying 1 at Losail

Bradley Smith admits he faces a huge challenge to qualifying for the pole...

Marquez Leads In Frantic Finish to FP3 at Losail

Marc Marquez maintained a narrow advantage at the front of the MotoGP...
11h ago from TheCheckeredFlag...

MotoGP Qatar: Crutchlow chases Marquez in third session

Britain’s Cal Crutchlow was less than a tenth slower than reigning...
16h ago from BikeSportNews.com

Popular On IndyCarToday.com

St Petersburg: Practice 1 results

Penske's Power paces St Pete first practice Practice 1 times 1. Will...
16h ago from Crash.net

Andretti aims for five-car Indy 500 effort

Who will drive the fifth car, should the proper sponsorship be acquired?...
15h ago from Motorsport.com

2015 IndyCar Driver Preview: Drivers! Start. Your....

24 drivers will answer that call to action this Sunday as the 2015 Verizon...
20h ago from OpenWheelWorld.n...

IndyCar: Miles wants series to provide an F1...

Hulman and Company CEO Mark Miles believes that the high race-hosting...
2d ago from Racer.com

Popular On TotalWRC.com

Argentina supports flood victims

More than 30cm of rain, a third of the area’s annual rainfall, fell in...
23h ago from WRC.com

Loeb set for another World Rally Car outing

The nine-time World Champion will participate in the Epernay Vins de...
1d ago from WRC.com

Tidemand inks Skoda deal

2013 Junior WRC champion Pontus Tidemand joins Skoda to compete in the...
1d ago from Crash.net

RX: World Rallycross launches UK talent competition

The FIA World Rallycross championship has launched a nationwide talent...
2d ago from Crash.net

Popular On GunnersToday.com

On this day: Manchester United's Louis Saha rescues...

It took a lot for Sir Alex Ferguson to accept defeat during his...
3h ago from SportsMole.co.uk

Arsenal news roundup 28/03/15: Ozil sets sights on...

In today's news roundup, we have a statement from Arsenal's most...
4h ago from AllArsenal.com

Arsenal legend slams Manchester United's ‘lucky'...

Former Arsenal and England defender Martin Keown has launched a surprise...
3h ago from CaughtOffside.com

England 4-0 Lithuania: Five things we learned, with...

A look at five lessons learned from England's comfortable 4-0 win over...
2h ago from CaughtOffside.com

Comments

comments powered by Disqus

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.