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Ecclestone avoided potential £1.2bn in tax

Bernie Ecclestone with his ex-wife Slavica Sutton Images Enlarge Bernie Ecclestone avoided a potential £1.2bn tax bill after his ex-wife made a £10m deal with UK tax authorities, according to BBC current affairs programme Panorama. The programme, set to be aired in the UK on Monday night, claims it "may be the biggest individual tax dodge in British history". Panorama's investigation goes back to the mid-1990s when Ecclestone acquired F1's TV rights and gave them to his then wife, Slavica. She transferred them into a family trust in Liechenstein before they were sold on at a vast profit, which Ecclestone was not liable to pay tax on. Providing Ecclestone did not set up or...
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