Mexican Media Brands
F1’s Ecclestone Challenges £1 Billion U.K. Tax Bill
Formula One czar Bernie Ecclestone is asking for judicial review of a British claim that he owes more than 1 billion (€1.4 billion) in back taxes, BBC News reports.
#legal
Share
Formula One czar Bernie Ecclestone is asking for judicial review of a British claim that he owes more than 1 billion (€1.4 billion) in back taxes, BBC News reports.
At issue are assessments for the period between April 1996 and April 2006. Ecclestone wants the new evaluation dismissed and Her Majesty's Revenue and Customs department held to its 2008 agreement about the amount due.
HMRC contends that Ecclestone withheld key information that invalidates the earlier settlement. The case involves the Ecclestone's Bambino Holdings Ltd., a trust set up in 1997 on behalf of his now ex-wife and two daughters.
RELATED CONTENT
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
VW Is Storing Nearly 300,000 Repurchased Diesels in U.S.
Volkswagen AG has stashed about 294,000 diesel-powered cars across the U.S. that it bought back from customers after admitting the vehicles were rigged to evade U.S. emission laws.
-
Tesla’s Autopilot Feature Deemed Partly to Blame in Fatal Crash
The U.S. National Transportation Safety Board has concluded that Tesla Inc.’s semi-autonomous Autopilot feature was partly to blame for a crash 15 months ago that killed one of the carmaker’s customers.