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
Pecco Bagnaia baffled after risking crashes and still...
No description available...
12h ago from Motorsport.com
Marc Marquez had ‘given up’ on Barcelona sprint...
No description available...
13h ago from Motorsport.com
MotoGP Catalan GP: Marc Marquez inherits sprint win as...
No description available...
15h ago from Motorsport.com
Alex Marquez crashed out of Catalan GP sprint because...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
4d ago from MotorsportWeek.c...
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
3d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
3d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
6d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
5d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
‘No chance of happening' – Fabrizio Romano...
Reports linking Leandro Trossard with a shock move away from Arsenal have...
17h ago from CaughtOffside.com
Latest report confirms major injury blow for Arsenal,...
Arsenal have been dealt a major injury blow with defender William Saliba...
7h ago from CaughtOffside.com
Mikel Arteta should heed a lesson from Fabian...
s hard to avoid the feeling that, after Brighton boldly took their...
10h ago from TheGuardian.com
Arsenal face risk of Viktor Gyokeres missing games as...
Arsenal face the risk of their star striker Viktor Gyokeres missing games...
14h ago from SportsKeeda.com
Comments
Hottest News
'Without the penalty, today's result would have been...
Having achieved his best qualifying result with... Read More »
58m ago from F1Technical.net
Start time of 2025 F1 Italian Grand Prix at Monza today
Find out when the 2025 F1 Italian Grand Prix... Read More »
58m ago from RacingNews365.com
Adjusted 2025 F1 Italian Grand Prix Monza starting grid...
Check out the adjusted starting grid for the 2025... Read More »
9h ago from RacingNews365.com
