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.
F1 to join the 'roll of shame' in England Kevin Eason reported F1 "could now join a roll of shame that includes Starbucks and Google, who have been targets for the anger of politicians."
British PM David Cameron "is waging a campaign against corporate tax avoiders while the Organization for Economic Co-operation and Development is also pushing countries to update their tax laws to pull companies into line."
Although these fresh revelations "will damage F1’s standing at a time when anger is growing at multinationals that deliberately avoid paying tax, it could perversely attract investors looking for smart ways to spend their money on highly profitable businesses with very low tax liabilities."
It remains to be seen whether British motorsport "will also suffer embarrassment from the revelations." The government "has latched onto F1 and motor sport as a world leader in technology with a raft of proposals to develop the industry and push export growth."
It is estimated that 3,500 businesses employing about 40,000 people generate motorsport sales worth £7B ($10.8B). London Times
Copyright 1999-2014 | 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This material may not be published, broadcast, or redistributed without