Sign in
Stories
Bernie Ecclestone's Tax Fraud and Revised ISC
Share
Activist Arrested Over McLaren Critique
Overview
API
Formula One boss Bernie Ecclestone faces charges of criminal tax fraud in the UK, but the court suspended his prison sentence due to his age and health. Despite the charges, Ecclestone remains a billionaire and financially solvent. The International Sporting Code (ISC) has been revised, increasing the maximum fine amount for drivers to up to €1 million. Ecclestone pleaded guilty to fraud and was given a suspended prison sentence of 17 months. He agreed to a civil settlement of almost €804 million with the British tax authorities.
Ask a question
How might the suspension of Bernie Ecclestone's prison sentence impact the perception of tax evasion in the sports industry?
In what ways might the increased maximum fine amount for drivers under the revised International Sporting Code affect the competitive dynamics of Formula One?
What measures can be taken to ensure transparency and compliance with tax regulations in the Formula One sport?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jul 2023
Aug 2023
Sep 2023
Oct 2023
Coverage