News Details
Liberty steers F1 around the tax man
Regular readers of this website may remember an article from November about a report on ITV's News at Ten which revealed that F1 paid just $6.5m in tax on profits of $463.6m last year. John Malone, chairman of F1's incoming owner Liberty Media, described it as a 'great structure' whilst Liberty's boss Greg Maffei said the tax arrangement is 'attractive'. An article in the Guardian by Christian Sylt has now revealed that Liberty liked it so much that they copied it in America. To recap, the tax trick under F1's bonnet involves huge internal loans being given by the sport's offshore parent companies to their UK-based subsidiaries. The UK companies make the vast majority of F1's money from...
Full Story »
Full Story »
9y ago from Pitpass.com
0
You May Also Be Interested In...
Liberty Media urges teams to buy into Formula 1
Liberty Media urges teams to buy into Formula 1 New F1 owner Liberty...
9y ago from ThisIsF1.com
Liberty Media: Important for teams to invest in F1
Formula One's new owner Liberty Media is still hoping that competing...
9y ago from GrandPrix247.com
Ecclestone: My F1 future now in Liberty's hands
Formula 1 supremo Bernie Ecclestone has admitted that there are now no...
9y ago from Motorsport.com
FIA approves Liberty Media's acquisition of Formula 1
The FIA has approved the acquisition of Formula 1 by Liberty Media...
9y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Honda pinpoints potential ‘advantage' ahead of...
Honda technical director Romano Albesiano believes there is one specific...
1d ago from MotorsportWeek.c...
Toprak Razgatlioglu’s manager backs Pramac...
No description available...
1d ago from Motorsport.com
Toprak Razgatlioglu admits MotoGP adaptation...
Toprak Razgatlioglu has admitted that his adaptation to MotoGP feels...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
IndyCar drivers praise Fast Six qualifying format...
No description available...
19m ago from Motorsport.com
Pato O'Ward on the 'red flag' that has prevented an...
No description available...
3h ago from Motorsport.com
IndyCar drivers impressed with ‘new standard’...
IndyCar is in the middle of a busy race weekend on a brand new street...
4h ago from MotorsportWeek.c...
How to watch the IndyCar Grand Prix of Arlington:...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Solberg clings on to Safari Rally lead as Ogier hunts...
Oliver Solberg started Friday with a 33.3 second lead over Elfyn Evans...
4h ago from MotorsportWeek.c...
WRC Safari Rally Kenya: Why 'you would be faster with...
No description available...
3h ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg hangs on to...
No description available...
5h ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg moves clear of rivals...
No description available...
10h ago from Motorsport.com
Popular On GunnersToday.com
Report: London outfit have a deal in place with...
Arsenal midfielder Dan Casey is all set to complete a move to Fulham....
19m ago from CaughtOffside.com
Arsenal preparing ‘formal offer' for 48-goal...
Arsenal are very interested in signing Leon Goretzka at the end of the...
1h ago from CaughtOffside.com
Arsenal & Chelsea in 'very serious' talks to sign...
Atletico Madrid striker Julian Alvarez has been linked with a move away...
1h ago from CaughtOffside.com
Arsenal hoping to secure future of 2 key players with...
Arsenal are reportedly hoping to renew the contracts of key players Declan...
2h ago from SportsKeeda.com
Comments
Hottest News
Adrian Newey blasted for Aston Martin disaster: 'He should...
Former F1 team manager Peter Windsor has... Read More »
5h ago from GPFans.com
Honda issue official statement as Aston Martin F1 nightmare...
Honda have issued an official statement at the... Read More »
1h ago from GPFans.com
Formula 1 to cancel Bahrain & Saudi Arabian Grands Prix...
Next month's Bahrain and Saudi Arabian Formula... Read More »
1h ago from GrandPrix247.com
