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FIA Threatens Formula One Drivers In Tax Havens With Extreme New Max Tax


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#1 bond

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Posted 04 July 2008 - 11:05

"Amid the argument over costly F1 superlicenses, an FIA spokesperson at Silverstone suggested that the body might instead agree to receiving a flat fee based on 15 per cent of the income of wealthy drivers living in tax exile. "


http://www.paddockta...order=0&thold=0


Are they out of their minds?

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#2 Slyder

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Posted 04 July 2008 - 18:14

Wasn't a similar threat made to drivers in 1982?

#3 Jardins

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Posted 04 July 2008 - 19:01

Originally posted by bond
"Amid the argument over costly F1 superlicenses, an FIA spokesperson at Silverstone suggested that the body might instead agree to receiving a flat fee based on 15 per cent of the income of wealthy drivers living in tax exile. "


http://www.paddockta...order=0&thold=0


Are they out of their minds?


Do you really have to ask that question?? :lol: Look who's running the asylum...

#4 giacomo

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Posted 04 July 2008 - 19:31

So now Mosley thinks he's the taxman?

What's next?
Tax exile drivers, preferably young and attractive ones, being gathered in camps and checked for lice while waiting for ze punishment?

#5 Tigershark

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Posted 04 July 2008 - 19:38

Originally posted by bond
Are they out of their minds?

Short answer: yes. :)

#6 primer

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Posted 04 July 2008 - 19:54

I do not think FIA even have the authority to do so, link license fee to income for only those living in tax exiles. How will FIA even determine actual incomes? Do Max & Co. really think that they have got authority to demand this data, over-ruling the sovereignty of countries worldwide?!

This is another tactic to re-build his scary tyrant image. One challenge in some EU court and Max Hardcore's whole house of cards will fall apart.

#7 peroa

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Posted 04 July 2008 - 20:03

You want him, have him!

:wave:

#8 Buttoneer

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Posted 04 July 2008 - 21:26

The last word should go to DC. From Thursdays press conference;

Q. (Alan Baldwin – Reuters) Lewis, there was a quote from an FIA spokesman in one of the papers this morning about the super-licence issue, saying that drivers who live in tax havens should maybe pay 15 percent of their incomes as a flat rate instead of the points system. What do you think of that?

LH: I'm not going to tell you what I think of that!

DC: I will. I'll tell you what I think of that. I think you people have got to understand the taxation system. Even if you're a non-resident in the UK, we still pay a percentage of our salaries to race at the British Grand Prix, so my contribution to the UK tax system is still considerably more than any of my family members who have got good jobs and who look after themselves.

And I don't use all the facilities in the UK. I had this years ago, when I moved to Monaco, people making comments when they don't know what the real situation is. Our lifestyle choice is a lifestyle choice – everyone's free to make that and I think it's wrong of people to have a dig at someone else who's having perceived financial success and choosing to live in a country that suits his needs at that time.



#9 rye&ginger

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Posted 04 July 2008 - 21:42

The drivers 'work' in the countries they race in, so its up to the country to collect taxes from them.

Idiots.

#10 AyePirate

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Posted 04 July 2008 - 21:53

Such an outstanding Upper Class Twit like Max needs to be fully negated.

#11 OfficeLinebacker

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Posted 04 July 2008 - 22:19

I think you guys underestimate the power of the FIA.

The FIA can simply make it a requirement to be sanctioned as a team, that all salaries of all personnel have to be disclosed at the start of each season.

I am not sure that's not already the rule!

Of course the proper way to do it would be to make each team submit it's budget, and tax the teams directly a percentage of their budgets.

#12 Lazarus II

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Posted 04 July 2008 - 22:57

I guess the NASCAR drivers better look after their contracts....competition for their seats is on the way. Thanks Max :up:

#13 Tomecek

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Posted 04 July 2008 - 23:04

Originally posted by Buttoneer
The last word should go to DC. From Thursdays press conference;

Button agreed. And I believe he made end to this nonsense topic ;)