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
Former Red Bull F1 boss Christian Horner sparks...
No description available...
1h ago from Motorsport.com
Marc Marquez clinches first pole of 2026 in Spanish...
Marc Marquez produced a stellar lap to claim his first pole position of...
2h ago from MotorsportWeek.c...
MotoGP Spanish GP: Marc Marquez beats Johann Zarco to...
No description available...
2h ago from Motorsport.com
Pedro Acosta fastest in weather-affected final Spanish...
Pedro Acosta topped the timesheets for KTM in the final Spanish MotoGP...
3h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
18h ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
3d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
3d ago from Motorsport.com
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
WRC Canary Islands: Sebastien Ogier leads as Toyota...
No description available...
15h ago from Motorsport.com
Sebastien Ogier goes all out on asphalt attack
Sebastien Ogier and Vincent Landais lead Rally Islas Canarias by 8.6...
17h ago from MotorsportWeek.c...
Dani Sordo reacts to interest from WRC’s newest...
No description available...
19h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier extends lead as...
No description available...
23h ago from Motorsport.com
Popular On GunnersToday.com
Offer made: PSG growing in confidence in bid to sign...
Paris Saint-Germain are reportedly growing optimistic about their chances...
2h ago from CaughtOffside.com
'It's a shame they're both depending on each other' -...
Chelsea hero Ruud Gullit has refused to name Arsenal among the favorites...
1h ago from SportsKeeda.com
Sources: Arsenal 'like' Real Madrid star facing...
Arsenal are keeping an eye on Endrick’s situation as there’s the...
2h ago from CaughtOffside.com
Arteta: Arsenal ready to 'get job done' and win title...
Mikel Arteta has urged his players to "take ownership" of the...
4h ago from SkySports.com
Comments
Hottest News
Christian Horner spotted with Honda F1 chief as Aston...
There are door-to-door broadband salesmen who are... Read More »
1h ago from GPFans.com
F1: Sold out!
Domenicali's defiant defence of 2026 regulations... Read More »
1h ago from Pitpass.com
Ouch! Alesi spins vintage F1 Ferrari into Monaco barrier
Former Grand Prix driver Jean Alesi, who famously... Read More »
1h ago from F1i.com
