News Details
Ecclestone avoids paying £1.2bn tax bill
Bernie Ecclestone has avoided paying a potential tax bill of £1.2 billion ($2bn, €1.45bn) to Revenue and Customs (HMRC) after agreeing a secret deal with the British government. A BBC Panorama investigation found Ecclestone paid a £10m ($16.8m, €12m) settlement in 2008 to end a nine year investigation by HMRC into his family's tax affairs. In 1995, when Ecclestone took control of Formula 1's TV rights, he handed the rights to then wife, Slavica, who set-up an offshore trust fund in Lichenstein to contain the profits. Because the trust is offshore, no UK tax is paid on the TV deals Ecclestone makes, avoiding huge tax bills - as long as Ecclestone had no hand in...
Full Story »
Full Story »
11y ago from TheF1Times.com
0
You May Also Be Interested In...
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
Ecclestone: It feels as though the vultures are...
Bernie Ecclestone arrives in Munich for his trial Troubles continue to...
11y ago from GrandPrix247.com
Formula One Bernie Ecclestone boss facing bribery...
Berlin: Formula One magnate Bernie Ecclestone faces bribery charges...
11y ago from NDTVSports.com
Ecclestone avoids potential £1bn tax
Formula 1 boss Bernie Ecclestone has avoided a potential £1.2bn tax bill...
11y ago from BBC.co.uk
Elsewhere On The Network
Popular On MGPToday.com
Miguel Oliveira: I did my best to stay in MotoGP but...
No description available...
1d ago from Motorsport.com
Jorge Lorenzo shares his ‘theory' on the cause...
Five-time MotoGP champion Jorge Lorenzo believes that multiple factors...
2d ago from MotorsportWeek.c...
How Aprilia believes it “overreached our target”...
No description available...
2d ago from Motorsport.com
Pedro Acosta brands 2025 MotoGP season a “wasted...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Aggressive testing schedule planned ahead of Mick...
Following confirmation Mick Schumacher will make a switch to IndyCar next...
3d ago from MotorsportWeek.c...
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
5d ago from MotorsportWeek.c...
Mick Schumacher hails IndyCar racing as "the way...
No description available...
3d ago from Motorsport.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier wins 9th WRC title, Thierry Neuville...
Sebastien Ogier won his ninth WRC title in Saudia Arabia and Vincent...
3h ago from MotorsportWeek.c...
WRC Saudi Arabia: Thierry Neuville wins chaotic...
No description available...
3h ago from Motorsport.com
Elfyn Evans set for 'all or nothing' attack in WRC...
No description available...
20h ago from Motorsport.com
Sebastien Ogier leads the virtual title chase as...
Friday in Saudi Arabia was the toughest day of the season. The overnight...
22h ago from MotorsportWeek.c...
Popular On GunnersToday.com
“No better time for them to play Arsenal” - Ray...
Arsenal legend Ray Parlour expects Chelsea and his former side to play out...
1h ago from SportsKeeda.com
“They are doing very well, but we haven't faced them...
Chelsea star Moises Caicedo has boldly said that his side can do well...
11m ago from SportsKeeda.com
Arsenal and Man United told how much they need to pay...
Arsenal and Manchester United will have to fork out £75 million to sign...
2h ago from CaughtOffside.com
“Now we will be enemies but we are friends” -...
Chelsea defender Wesley Fofana has admitted that he has not spoken to...
2h ago from SportsKeeda.com
Comments
Hottest News
F1 2025 Qatar Grand Prix – Sprint Race Results
Oscar Piastri converted pole position to win the... Read More »
1h ago from MotorsportWeek.com
LIVE: 2025 F1 Qatar Grand Prix - Sprint
Follow along with all the action live from the... Read More »
2h ago from RacingNews365.com
McLaren under pressure after storming Max Verstappen start...
EARLY REPORT: McLaren F1 team were put under... Read More »
1h ago from GPFans.com
