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 »
9y 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...
9y 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...
9y 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...
9y 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...
9y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Pirelli doesn't intend to make a "Marquez"...
No description available...
3h ago from Motorsport.com
Inside Marc Marquez’s new approach to racing after...
No description available...
2d ago from Motorsport.com
‘A World Champion cannot do a mistake like that'...
Aprilia CEO Massimo Rivola admits he “would not disagree” if Jorge...
3d ago from MotorsportWeek.c...
Jorge Martin escapes injury but hit with penalty for...
No description available...
6d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Officiating details infraction severity levels
IndyCar Officiating has released more specific information regarding the...
1d ago from MotorsportWeek.c...
Myles Rowe: Historic Indy NXT Win at WWTR proves ‘I...
No description available...
2d ago from Motorsport.com
Winners and losers from the IndyCar race at World Wide...
No description available...
3d ago from Motorsport.com
Josef Newgarden did not know Christian Rasmussen...
Josef Newgarden won Sunday night’s thriller at World Wide Technology...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Sebastien Loeb to make traditional stage rallying...
No description available...
2d ago from Motorsport.com
Hayden Paddon eyes WRC gravel opportunity with...
No description available...
1w ago from Motorsport.com
Oliver Solberg highlights area he must “work on”...
No description available...
1w ago from Motorsport.com
Hyundai drivers relieved asphalt WRC season is over...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
PSG star asks to leave amid interest from Arsenal and...
Paris Saint-Germain (PSG) winger Bradley Barcola has reportedly asked to...
1h ago from SportsKeeda.com
84 G/A in last two seasons: Arsenal's bargain £35m...
Arsenal reportedly look to be stepping up their interest in the potential...
2h ago from CaughtOffside.com
'Big shoes to fill' – £80m Man United target...
Manchester United have been warned about how tough it might be to replace...
2h ago from CaughtOffside.com
Report: Arsenal in talks to sign surprise £35m forward
Arsenal’s search for attacking reinforcements this summer appears to...
5h ago from FreshArsenal.com
Comments
Hottest News
F1 Qualifying Results: 2026 Barcelona Grand Prix times and...
Qualifying for the Barcelona Grand Prix takes... Read More »
4h ago from GPFans.com
F1 2026 Barcelona-Catalunya Grand Prix – FP3 Results
George Russell emerged fastest in final practice... Read More »
3h ago from MotorsportWeek.com
24 Hours of Le Mans: How to watch live and FREE
Former F1 star Kevin Magnussen starts from pole... Read More »
1h ago from GPFans.com
