Shock. He always seemed like such a paragon of virtue.
Right now the article is quite short so there is not many details but I am going to jump to a conclusion knowing said man.
Almost certainly the amount of money he made will far outweigh any fine or punishment. Thus this will not be a fine, but merely an expense in the grand scheme of things for doing business.
People found guilty of tax evasion/fraud should face a mandatory penality of the outstanding amount plus 100%.
Seems the article is updated:
> The 92-year-old did not declare more than £400m held in a trust in Singapore when asked by tax authorities in 2015.
Ecclestone has agreed in a civil settlement to repay almost £653m to HM Revenues and Customs, a court heard.
He was sentenced to 17 months in prison, suspended for two years.
…and poor postal workers jailed for fuck all due to faulty software…FFS….he gets nothing for 100’s of millions…one rule, as usual
“He now accepts that some tax is due in relation to these matters.”
No shit, Sherlock.
He’s got form. He gave Labour a million pound bribe in 1997 to exempt formula 1 from tobacco advertising legislation.
And once they had done it, he leaked it about the bribe so they had to give it back to him.
Clever operator.
That’s mental – I thought he was dead. Starting to ‘get’ the Mandela Effect thing now.
He has agreed to pay £653 million to HMRC. Not £653 like you or I would but MILLIONS. Ok it has taken the authorities many years to reach this agreement but they have. Why is the same effort not put into every very wealthy person’s affairs including the COVID fraudsters? The staff would pay for themselves, and more so if big “success” bonuses were paid based on income received.
From wanting to shake Putin’s hand to giving out handys in prison
Luckily he only defrauded the taxpayer of hundreds of millions, a crime that doesn’t deserve jail time.
Jail time as a deterrent to the rest, and significant penalties on top of the owed monies. These should be the minimum.
This sentence will no doubt cause other billionaire tax cheats to think twice!
If we can’t trust Bernie Ecclestone, who can we trust?
Good job he was only defrauding the UK of £400m. If he’d been defrauding the country out of £80 in benefits every couple of weeks, then he’d be in prison now.
People have been sent to prison for shoplifting the most inexpensive items. However you can basically get convicted for a £600 million fraud and get a suspended sentence.
What a laughable 2 tier sentencing system.
A rich Brexit supporter caught red-handed fiddling tax abroad? Get the fuck out of here
Man is losing his touch. Back in the day he bribed his way out of a bribery charge
18 comments
Shock. He always seemed like such a paragon of virtue.
Right now the article is quite short so there is not many details but I am going to jump to a conclusion knowing said man.
Almost certainly the amount of money he made will far outweigh any fine or punishment. Thus this will not be a fine, but merely an expense in the grand scheme of things for doing business.
People found guilty of tax evasion/fraud should face a mandatory penality of the outstanding amount plus 100%.
Seems the article is updated:
> The 92-year-old did not declare more than £400m held in a trust in Singapore when asked by tax authorities in 2015.
Ecclestone has agreed in a civil settlement to repay almost £653m to HM Revenues and Customs, a court heard.
He was sentenced to 17 months in prison, suspended for two years.
…and poor postal workers jailed for fuck all due to faulty software…FFS….he gets nothing for 100’s of millions…one rule, as usual
“He now accepts that some tax is due in relation to these matters.”
No shit, Sherlock.
He’s got form. He gave Labour a million pound bribe in 1997 to exempt formula 1 from tobacco advertising legislation.
And once they had done it, he leaked it about the bribe so they had to give it back to him.
Clever operator.
That’s mental – I thought he was dead. Starting to ‘get’ the Mandela Effect thing now.
He has agreed to pay £653 million to HMRC. Not £653 like you or I would but MILLIONS. Ok it has taken the authorities many years to reach this agreement but they have. Why is the same effort not put into every very wealthy person’s affairs including the COVID fraudsters? The staff would pay for themselves, and more so if big “success” bonuses were paid based on income received.
From wanting to shake Putin’s hand to giving out handys in prison
Luckily he only defrauded the taxpayer of hundreds of millions, a crime that doesn’t deserve jail time.
Good job his TV licence was up to date:-
https://m.belfasttelegraph.co.uk/news/northern-ireland/belfast-grandmother-jailed-after-not-paying-tv-licence-fine-released-from-prison/37162137.html
Jail time as a deterrent to the rest, and significant penalties on top of the owed monies. These should be the minimum.
This sentence will no doubt cause other billionaire tax cheats to think twice!
If we can’t trust Bernie Ecclestone, who can we trust?
Good job he was only defrauding the UK of £400m. If he’d been defrauding the country out of £80 in benefits every couple of weeks, then he’d be in prison now.
People have been sent to prison for shoplifting the most inexpensive items. However you can basically get convicted for a £600 million fraud and get a suspended sentence.
What a laughable 2 tier sentencing system.
A rich Brexit supporter caught red-handed fiddling tax abroad? Get the fuck out of here
Man is losing his touch. Back in the day he bribed his way out of a bribery charge
https://www.bbc.co.uk/news/world-europe-28656050
>A German court has agreed to end the bribery trial of Formula 1 boss Bernie Ecclestone in exchange for a $100m (£60m) payment from him.