Quote:Whoever wrote the article knows naff all about how F1 is organised either.
Did you read it? Honest?
Quote:To make the point that none of the teams pay any tax is irreverent. The teams are nothing to do with Mr E's empire and don't pay tax because they don't make a profit.
The article makes it clear that they are separate from the F1 business. Whether they make a profit or not is up to them, there are certainly opportunities to do so, but again the article makes it clear that they don't pay tax cos they don't make any profit.
But Bernie's UK based business pays only 1 million tax on a 300 million profit. It is making a profit, and it's making as much as it can. So that's 71 million quid light on the tax. Amazing.
Quote:And? They haven't done anything illegal.
Indeed. But clearly billions upon billions of tax are going astray and our politicians are doing nothing about it. And they are getting away with it.
Just thought it was interesting that F1 is fiddling the books too.