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Ecclestone to fight £1b tax bill
Bernie Ecclestone has vowed to fight after Her Majesty's Revenue and Customs decided to tear up a settlement deal relating to a family trust. Ecclestone has previously under investigation by the British tax collectors and reached a settlement back in 2008. However, HMRC now says that deal is invalid, relating to evidence that came to light during his German bribery case. 'The tax and interest demanded as a result of the decision is over 1 billion pounds,' Bloomberg reports judge Kenneth Parker as having said. Ecclestone, though, is set to fight it. Speaking to Autosport in the Monaco paddock, he said: 'I have never had anything to do with the trust. 'I'll be fighting this all the...
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10y ago from PlanetF1.com
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