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Italian probe targets F1 over ‘hundreds of millions' in tax
Apr.22 Formula 1 teams are under investigation in Italy over alleged unpaid taxes worth 'hundreds of millions of euros' linked to races at Monza, Imola and Mugello. According to Sport e Finanza and other Italian reports, the Guardia di Finanza has launched administrative checks into whether foreign teams correctly handled tax obligations for driver income earned on Italian soil. The probe, centred in Bologna, stems from a complaint filed by lawyer Alessandro Mei. 'It is undisputed that athletes who earn income in Italy, even if resident abroad, must declare it in Italy and pay taxes there,' he said. Investigators are examining whether teams failed to act as withholding agents on drivers'...
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