A rumor rated as 'speculation' is one that has no supporting information
A rumor rated as 'strong' is one where we received information from more than one source.
A rumor rated as 'fact' is one that has proven to be true
A rumor rated as 'false' is one that has proven to be false based on new information
These rumors are just that, RUMORS, and are not to be taken as 'fact'
unless so noted. Please visit our Hot News page for news. If you have a rumor, or can supply
more information about one listed here,
e-mail us with as
much supporting information as possible and we may post it. User Agreement and Disclaimer.
Newer rumors supersede older ones of the same topic. Go to our
discuss any rumor.
(GMM) The British government has reportedly launched a detailed investigation into Bernie Ecclestone's tax affairs.
Last year, amid speculation the Gerhard Gribkowsky corruption probe had piqued the interest of the UK's Revenue and Customs (HMRC) department, a spokesman said it was ensuring "everyone pays the right tax under the law".
It was reported that the government would pay particular interest to the F1 chief executive's offshore family trust, which he insists is outside his control.
The Daily Mail newspaper now reports that, on the basis of the informal investigation, an official probe could be launched that might cost Ecclestone billions in tax.
"HMRC has put a team of investigators on Bernie Ecclestone to look into his involvement in the trust and exactly how much he has to do with it," an official is quoted as saying.
"They are now in the process of making enquiries and researching every minor detail as they look to build a case. There is movement. They have opened a book."
Ecclestone played down the report.
"I have not received any correspondence from HMRC and don't anticipate any. There is no reason for it.
"As far as I am concerned, if they write to us, we will reply, but I hope I don't get a knock at the door in the night.
"I received a letter from HMRC in 2008 that everything was ok in relation to the trust. It would be silly to check again when they have already said everything was in good order."
Copyright 1999-2017 | AutoRacing1 is an
independent internet online publication and is not affiliated with, sponsored by, or endorsed
by IndyCar, NASCAR, FIA, Sprint, or any other series sponsor.
This material may not be published, broadcast, or redistributed without