News Details
Ecclestone avoids potential £1bn tax
Formula 1 boss Bernie Ecclestone has avoided a potential £1.2bn tax bill as a result of a secret deal with HMRC. The deal involved a payment of just £10m, according to legal transcripts obtained by BBC Panorama. Revenue & Customs spent nine years investigating the Ecclestone family's tax affairs before offering to settle in return for the payment from the family trusts in 2008. Mr Ecclestone said he paid more than £50m in tax last year. Mr Ecclestone, the chief executive of Formula 1, is currently on trial in Germany facing corruption charges. It is alleged he was behind a £26m bribe paid to a bank official. Prosecutors allege the bribe was paid to ensure that Mr Ecclestone retained...
Full Story »
Full Story »
You May Also Be Interested In...
Ecclestone denies bribery as trial begins in Munich
Bernie Ecclestone and his legal team have denied all charges of bribery...
11y ago from TheF1Times.com
Revealed: Ecclestone's £300m payout from family trust
All eyes were on a court room in Munich on Thursday as the bribery trial...
11y ago from Pitpass.com
Senna's family 'didn't expect the worst'
Watching on TV, Ayrton Senna's family expected him to walk away from the...
11y ago from PlanetF1.com
Ecclestone trial begins in Germany
Bernie Ecclestone's high-profile trial on bribery charges has begun in...
11y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
KTM hope ended by double retirement at MotoGP Italian...
No description available...
15h ago from Motorsport.com
Francesco Bagnaia "struggling a lot" after...
No description available...
16h ago from Motorsport.com
MotoGP Italian GP: Marc Marquez recovers from shocking...
No description available...
18h ago from Motorsport.com
Yamaha's Mugello sprint pace causes concern for MotoGP...
No description available...
15h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Road America – Qualifying Results
The NTT IndyCar Series took a trip to the historic Road America circuit...
11h ago from MotorsportWeek.c...
IndyCar confirms lighter, more powerful Dallara...
No description available...
13h ago from Motorsport.com
Rookie Louis Foster takes first IndyCar pole at Road...
No description available...
11h ago from Motorsport.com
IndyCar officially delays new chassis to 2028 season
The NTT IndyCar Series has released more details about its new engine and...
11h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
3d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Why 24-year-old Arsenal target could 'turn them down'...
Crystal Palace defender Marc Guehi has been linked with a move away from...
34m ago from CaughtOffside.com
England international ready to snub Arsenal move in...
Just like how they fought for the Premier League title last season,...
24m ago from CaughtOffside.com
Some congratulations
Morning all. If you'll forgive me today, this is going to be a bit quick...
54m ago from Arseblog.com
Arsenal latest: Cazorla helps fire Real Oviedo back to...
No description available...
34m ago from SkySports.com
Comments
Hottest News
Red Bull struck with F1 regret as British star lands...
Red Bull F1 bosses may well be wondering what... Read More »
1h ago from GPFans.com
George Russell issues 'under no illusions' Mercedes verdict
George Russell is not letting himself, or... Read More »
44m ago from RacingNews365.com
Red Mist: Perché la Ferrari non può vincere senza grandi...
*Red Mist: Why can't Ferrari win without big... Read More »
2h ago from GrandPrix247.com
