{"id":18870,"date":"2013-07-25T07:23:05","date_gmt":"2013-07-25T11:23:05","guid":{"rendered":"https:\/\/www.racinginfocus.com\/?p=18870"},"modified":"2013-07-25T07:23:05","modified_gmt":"2013-07-25T11:23:05","slug":"f1-pays-almost-no-tax-report","status":"publish","type":"post","link":"https:\/\/www.racinginfocus.com\/rif\/formula-1\/f1-pays-almost-no-tax-report\/","title":{"rendered":"F1 pays almost no tax &#8211; report"},"content":{"rendered":"<p>A clever tax arrangement sees formula one pay a tiny amount of tax, it has emerged.<\/p>\n<p>Writing in The Independent, leading F1 business journalist Christian Sylt said the sport paid less than $1.5 million in tax in 2011, despite making a profit of almost half a billion dollars.<\/p>\n<p>Sylt said the low tax bill was achieved due to a complex web of loans within the Bernie Ecclestone-headed empire.<\/p>\n<p>Sun journalist Ben Hunt quoted British tax office Her Majesty&#8217;s Revenue and Customs as saying: &#8220;We do not discuss individual businesses.&#8221;<\/p>\n<p>The formula one teams association FOTA also declined to comment.<\/p>\n<p><span style=\"color: #888888;\"><em>\u00a9 RIF | GMM<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A clever tax arrangement sees formula one pay a tiny amount of tax, it has emerged. Writing in The Independent, leading F1 business journalist Christian Sylt said the sport paid less than $1.5 million in tax in 2011, despite making a profit of almost half a billion dollars. Sylt said the low tax bill was &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[3],"tags":[59,3921,5262,5340,118],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/18870"}],"collection":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/comments?post=18870"}],"version-history":[{"count":1,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/18870\/revisions"}],"predecessor-version":[{"id":18871,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/posts\/18870\/revisions\/18871"}],"wp:attachment":[{"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/media?parent=18870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/categories?post=18870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.racinginfocus.com\/rif\/wp-json\/wp\/v2\/tags?post=18870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}