News Details
Liberty steers F1 around the tax man
Regular readers of this website may remember an article from November about a report on ITV's News at Ten which revealed that F1 paid just $6.5m in tax on profits of $463.6m last year. John Malone, chairman of F1's incoming owner Liberty Media, described it as a 'great structure' whilst Liberty's boss Greg Maffei said the tax arrangement is 'attractive'. An article in the Guardian by Christian Sylt has now revealed that Liberty liked it so much that they copied it in America. To recap, the tax trick under F1's bonnet involves huge internal loans being given by the sport's offshore parent companies to their UK-based subsidiaries. The UK companies make the vast majority of F1's money from...
Full Story »
Full Story »
8y ago from Pitpass.com
0
You May Also Be Interested In...
Liberty Media urges teams to buy into Formula 1
Liberty Media urges teams to buy into Formula 1 New F1 owner Liberty...
8y ago from ThisIsF1.com
Liberty Media: Important for teams to invest in F1
Formula One's new owner Liberty Media is still hoping that competing...
8y ago from GrandPrix247.com
Ecclestone: My F1 future now in Liberty's hands
Formula 1 supremo Bernie Ecclestone has admitted that there are now no...
8y ago from Motorsport.com
FIA approves Liberty Media's acquisition of Formula 1
The FIA has approved the acquisition of Formula 1 by Liberty Media...
8y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Honda to debut 2027 MotoGP bike in Sepang this week
No description available...
43m ago from Motorsport.com
MotoGP shelves ‘leg wing’ ban but will revisit...
No description available...
2h ago from Motorsport.com
Pirelli wants to test new MotoGP tyres with 2027 bikes...
No description available...
1d ago from Motorsport.com
Who crashed the most during the 2025 MotoGP season?
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Sunoco makes full-time IndyCar return as primary...
No description available...
3d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
3d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
3d ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb admits you “need some luck to win”...
No description available...
1h ago from Motorsport.com
Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...
Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...
1d ago from MotorsportWeek.c...
Lancia reveals driver line-up for 2026 WRC return
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
“Maybe it’s because I’m not involved” - Arsene...
Former Arsenal manager Arsene Wenger reckons the Gunners have a good...
3h ago from SportsKeeda.com
Arsecast Extra Episode 671 – 15.12.2025
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
3h ago from Arseblog.com
AC Milan plotting January move for Arsenal star who...
AC Milan have reportedly made Gabriel Jesus their top attacking target for...
6h ago from CaughtOffside.com
It's fine to to win and be annoyed
Morning all. It's the start of a new week, and now that the dust has...
8h ago from Arseblog.com
Comments
Hottest News
Audi reveals team name and logo alongside 2026 F1 launch...
Audi has announced the team name and logo that... Read More »
3h ago from MotorsportWeek.com
Audi sets date to unveil 2026 F1 car livery and team...
Audi has confirmed that it will reveal its 2026... Read More »
2h ago from F1i.com
Togninalli: Hamilton-Ferrari relationship ‘not as bad as...
Ferrari’s head of track engineering, Matteo... Read More »
1h ago from F1i.com
