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
Franco Morbidelli injures collarbone, undergoes...
No description available...
3h ago from Motorsport.com
Pecco Bagnaia: ‘I don’t remember ever being this...
No description available...
3h ago from Motorsport.com
Crash rules Maverick Vinales out of next two MotoGP...
No description available...
4h ago from Motorsport.com
MotoGP German GP: Marc Marquez snatches sprint glory...
No description available...
5h ago from Motorsport.com
Popular On IndyCarToday.com
Newgarden, Palou each take pole for IndyCar’s Iowa...
Iowa Speedway was the setting for IndyCar’s busy qualifying session on...
53m ago from MotorsportWeek.c...
Josef Newgarden and Alex Palou polesitters after...
No description available...
44m ago from Motorsport.com
IndyCar Iowa– Qualifying Results
IndyCar took to Iowa Speedway Saturday afternoon for an incredibly...
43m ago from MotorsportWeek.c...
‘Progression’ name of the game as Kyffin Simpson...
Kyffin Simpson is competing in his sophomore year in the NTT IndyCar...
7h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Josef Newgarden and Alex Palou polesitters after...
No description available...
54m ago from Motorsport.com
Franco Morbidelli injures collarbone, undergoes...
No description available...
3h ago from Motorsport.com
Pecco Bagnaia: ‘I don’t remember ever being this...
No description available...
3h ago from Motorsport.com
MotoGP German GP: Marc Marquez snatches sprint glory...
No description available...
5h ago from Motorsport.com
Popular On GunnersToday.com
Real Madrid Transfer News Roundup: Los Blancos not...
Real Madrid are looking to add more quality to Xabi Alonso's roster before...
1h ago from SportsKeeda.com
Arsenal target Gyokeres to face disciplinary action at...
Sporting president Frederico Varandas has confirmed that striker Viktor...
1h ago from SkySports.com
Journalist claims Man United could outbid Arsenal in...
Sporting CP striker Viktor Gyokeres continues to be linked with a move...
4h ago from CaughtOffside.com
'Would pay' – Journalist claims Man United would...
Manchester United would reportedly be happy to pay the money Sporting...
6h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton exit warning issued as Ferrari fears divulged
Ferrari have been warned that they risk losing F1... Read More »
44m ago from GPFans.com
FIA steward scandal that handed Ferrari controversial...
McLaren and Ferrari are once again the battle in... Read More »
1h ago from GPFans.com
Christian Horner singles out one Red Bull driver as axed F1...
Red Bull's former F1 boss Christian Horner has... Read More »
10h ago from GPFans.com
