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 »
11y 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...
11y ago from GrandPrix247.com
Ecclestone pushing to bring back screaming V8 engine
Bernie Ecclestone is continuing to rail against F1's modern-day engine...
11y ago from ThisIsF1.com
Ecclestone: These engines do not help F1 in any way
Formula 1 supremo Bernie Ecclestone is continuing his ongoing...
11y ago from GrandPrix247.com
FIA to outline Strategy Group results on Friday
F1 supremo Bernie Ecclestone and CVC chairman Donald Mackenzie The news...
11y ago from ThisIsF1.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez insists he is “not ready” for MotoGP...
No description available...
3h ago from Motorsport.com
MotoGP's expected departures leave WorldSBK's 2027...
As MotoGP's 2027 rider line-ups near completion, multiple expected...
6h ago from MotorsportWeek.c...
MotoGP’s new era: one bike in practice and less...
No description available...
9h ago from Motorsport.com
Jorge Martin escapes injury but hit with penalty for...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Josef Newgarden did not know Christian Rasmussen...
Josef Newgarden won Sunday night’s thriller at World Wide Technology...
17m ago from MotorsportWeek.c...
Winners and losers from the IndyCar race at World Wide...
No description available...
37m ago from Motorsport.com
Official race results: IndyCar 2026 at WWT Raceway
No description available...
1d ago from Motorsport.com
Josef Newgarden continues to ascend in IndyCar’s...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
4d ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
6d ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal to change transfer plans after approach to...
Premier League juggernauts Arsenal have reportedly stopped their pursuit...
57m ago from SportsKeeda.com
Arsenal make enquiry for 21-G/A sensation likened to...
Arsenal are looking to bring in a left-winger this summer, and they have...
1h ago from CaughtOffside.com
PSG set to lose prized defender as Arsenal weigh up...
Arsenal are reportedly interested in signing the PSG defender Emmanuel...
2h ago from CaughtOffside.com
Alonso eyes blockbuster Chelsea move for 20-G/A La...
Chelsea are looking to make a statement signing in the summer, and they...
3h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton reveals major Ferrari F1 changes after...
Lewis Hamilton revealed he 'begged' boss Fred... Read More »
2h ago from MotorsportWeek.com
Honda confirm Aston Martin investigation after F1 Monaco...
A key member of the Honda Racing team has... Read More »
37m ago from GPFans.com
Max Verstappen faces F1 regs change fight as Audi issues...
Max Verstappen's hopes of seeing an imminent F1... Read More »
47m ago from MotorsportWeek.com
