News Details
F1 supremo Bernie Ecclestone faces $1.6 billion tax bill
British tax authorities have resumed a $1.6 billion pursuit of F1 supremo Bernie Ecclestone. Bloomberg reports that the 84-year-old initially settled the dispute over his family trust Bambino. 'The tax and interest demanded as a result of the decision is over 1 billion pounds,' London judge Kenneth Parker declared on Thursday. The tax authorities claim Ecclestone 'withheld information' when he reached the 2008 settlement that subsequently came to light during the Gerhard Gribkowsky corruption trial last year, Bloomberg explained. A spokesman for Ecclestone said the F1 chief executive and billionaire is now exploring 'other legal avenues' to get the authorities to honour the settlement....
Full Story »
Full Story »
10y ago from ThisIsF1.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 in £1bn tax fight
F1 supremo Bernie Ecclestone faces a £1bn tax bill after HMRC...
10y ago from Pitpass.com
Ecclestone to fight £1b tax bill
Bernie Ecclestone has vowed to fight after Her Majesty's Revenue and...
10y ago from PlanetF1.com
Bianchi family “waiting for a miracle”
Although there is no change in Bianchi’s condition in hospital in his...
10y ago from Motorsport.com
Elsewhere On The Network
Popular On MGPToday.com
Andrea Iannone returns to MotoGP paddock in...
No description available...
51m ago from Motorsport.com
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
2h ago from Motorsport.com
Is Alex Marquez’s Jerez MotoGP breakthrough real or...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
16h ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
3d ago from MotorsportWeek.c...
Mick Schumacher shares injury update after breaking...
No description available...
4d ago from Motorsport.com
Zanardi: The man whose name is a synonym for “hero”
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
1h ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
5d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
5-year-contract: Journo drops transfer bombshell for...
Bayern Munich are wasting absolutely no time making their intentions clear...
2h ago from CaughtOffside.com
'It really is contagious' - Martin Zubimendi reveals...
Arsenal midfielder Martin Zubimendi has mentioned the two attributes he...
1h ago from SportsKeeda.com
How many more points do Arsenal need to win Premier...
The Premier League title race took another incredible twist on Monday...
2h ago from SportsKeeda.com
Everton troll Manchester City fan who went viral with...
Everton mocked Manchester City fan Tal Rehman, who went viral with his...
4h ago from SportsKeeda.com
Comments
Hottest News
F1 boss admits Fernando Alonso qualifying failure was...
McLaren F1 boss Zak Brown has opened up on 'the... Read More »
41m ago from GPFans.com
Imola 1985: When Prost was too light to win
On this day in 1985, the San Marino Grand Prix... Read More »
51m ago from F1i.com
Brundle's verdict on F1 rule tweaks and 'genius' Verstappen...
The 2026 Miami Grand Prix was an extremely... Read More »
41m ago from SkySports.com
