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Ecclestone dodges £1 billion tax bill
Formula 1 boss pays only £10m to settle with HMRC
Formula 1 boss Bernie Ecclestone has dodged more than £1 billion in tax thanks to a secret deal with HM Revenue and Customs, BBC Panorama claimed yesterday.
The billionaire, who has serially courted controversy, paid just £10 million to settle the deal, according to legal documents obtained by Panorama.
HMRC spent nine years probing the Ecclestone family’s tax affairs before the token payoff in 2008.
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