News Details
Ecclestone in £1bn tax fight
F1 supremo Bernie Ecclestone faces a £1bn tax bill after HMRC launches fresh challenge. Tax officials in the UK have issued a demand for more than £1bn in a case that stems from the Bambino Trust set up by Ecclestone in 1997 in Liechtenstein. While Ecclestone is understood to have come to an agreement with HM Revenue and Customs in 2008, paying an alleged £10m settlement, the trial of former BayernLB banker Gerhard Gribkowsky and subsequent legal cases in Germany, spurred the tax man into action resulting in a new bill for £1bn. The Bambino Trust, was set up for his (then) wife and daughters, and under the terms of the trust Ecclestone was to have no influence on...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Stewart: Bernie will be missed but he will be replaced
Formula 1 legend Jackie Stewart predicts that the Bernie Ecclestone will...
10y ago from GrandPrix247.com
Ecclestone pushing to bring back screaming V8 engine
Bernie Ecclestone is continuing to rail against F1's modern-day engine...
10y ago from ThisIsF1.com
Ecclestone: These engines do not help F1 in any way
Formula 1 supremo Bernie Ecclestone is continuing his ongoing...
10y ago from GrandPrix247.com
FIA to outline Strategy Group results on Friday
F1 supremo Bernie Ecclestone and CVC chairman Donald Mackenzie The news...
10y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia’s MotoGP tech secret: a double duct hidden...
No description available...
20h ago from Motorsport.com
Toprak Razgatlioglu “always sad” over lack of pace...
No description available...
1d ago from Motorsport.com
Fabio Quartararo warns Yamaha MotoGP rebuild could...
No description available...
1d ago from Motorsport.com
Pedro Acosta found Ducati and Aprilia’s pace...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Barnes: IndyCar officiating is already starting to...
No description available...
8h ago from Motorsport.com
IndyCar updates tire rules for 2026 season
Among a few changes coming for the 2026 NTT IndyCar Series season, a new...
11h ago from MotorsportWeek.c...
IndyCar changes tire usage requirements, makes safety...
No description available...
13h ago from Motorsport.com
IndyCar introduces safety flaps to prevent airborne...
The NTT IndyCar series has detailed a new addition to cars competing in...
13h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1w ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1w ago from Motorsport.com
WRC Sweden: Elfyn Evans reclaims lead as Oliver...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
The post-derby glow
Morning all. Hopefully you're still enjoying the warm glow of Sunday's...
1h ago from Arseblog.com
Arsenal latest: Gunners make fun of Spurs on social...
No description available...
11h ago from SkySports.com
Donnarumma vs Raya: Who is the better GK in the title...
In the last few weeks of the Premier League season, the importance of...
12h ago from SkySports.com
Tactics Column: Key quartet step up to deliver North...
'It feels like we've shown what we are made of but then you have to show...
15h ago from Arseblog.com
Comments
Hottest News
Lewis Hamilton could be without genius Ferrari trick for...
Days after its stunning F1 debut, Ferrari's... Read More »
1h ago from GPFans.com
éklklékl éklklékl éklklékl
éklklékléklklékléklklékléklklékléklklékl... Read More »
1h ago from F1Technical.net
Fernando Alonso delivers clear Aston Martin message during...
Aston Martin endured a highly painful pre-season... Read More »
38m ago from RacingNews365.com
