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 »
8y 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...
8y 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...
8y 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...
8y 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...
8y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP hails 2025 season as a...
MotoGP promoter Dorna Sports has described the conclusion of the 2025...
1d ago from MotorsportWeek.c...
Honda wouldn’t even be in top 10 without mid-year...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Race start times for 2026 IndyCar season announced
The NTT IndyCar Series has announced the race broadcast start times for...
13h ago from MotorsportWeek.c...
Broadcast schedule for 2026 Indy NXT season announced...
No description available...
1d ago from Motorsport.com
FOX Sports, IndyCar reveal broadcast schedule for 2026...
No description available...
2d ago from Motorsport.com
Chip Ganassi Racing completes four-car roster for 2026...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Gregoire Munster confirmed for WRC Monte Carlo in...
The season opener marks a return to the event where Munster claimed his...
18h ago from MotorsportWeek.c...
Romet Jürgenson to compete in opening three WRC2...
The rising Estonian talent is joined by co-driver Siim Oja and start...
18h ago from MotorsportWeek.c...
Toyota brings Corolla back to rallying with all-new...
No description available...
1d ago from Motorsport.com
Gregoire Munster to contest Dakar Rally and WRC Monte...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“Does not deserve to start”, “Just isn’t the...
Martin Odegaard has found himself at the center of criticism from Arsenal...
3h ago from SportsKeeda.com
Arsenal land Christmas No 1! Arteta has ‘belief and...
Arsenal manager Mikel Arteta insisted being top at Christmas again gave...
3h ago from SkySports.com
Viktor Gyökores holds nerve to sink Everton and keep...
;/p>Mikel Arteta can toast his sixth anniversary as Arsenal manager...
4h ago from TheGuardian.com
Premier League news: Guardiola dismisses exit talk and...
No description available...
4h ago from TheGuardian.com
Comments
Hottest News
F1: Mercedes and Red Bull power units under scrutiny
Barely has the current season ended than two... Read More »
11h ago from Pitpass.com
The F1 legend that got 'told off' over Top Gear appearance
One F1 legend's Top Gear appearance didn't go to... Read More »
5h ago from GPFans.com
Max Verstappen issues early retirement threat to F1 unless...
Four-time F1 world champion Max Verstappen has... Read More »
7h ago from GPFans.com
