|
Valentino Rossi yellow-gray T-Shirt  Valentino Rossi long sleeved T-Shirt, manufactured from cotton, and uses a contrast yellow and grey panel design, with Rossi name and number 46 stitched on the chest using separate pieces of fabric. Buy - More details HighRevs Shop
|
2007-08-10 Another worry for Valentino Rossi - tax
Be first to comment this story
Another thing to worry for Valentino Rossi, except his 44 point deficit in MotoGP championship, is that he is under under suspicion of tax evasion. Italian authorities claim that Italian rider moved in 2000. to Great Britain to take advantage of their tax conditions. What we know for sure is that Italian tax authorities claim that Rossi has undeclared his earnings from 2000 to 2004, which are estimated to around 60 million euros.
Different sources are stating different amounts of money that Italy is trying to collect from Rossi, some stating that this is figure of around 80 million euros, while other say that amount is 112 million euros - 43.7 million euros of unpaid tax as well as fines and interest. Valentino Rossi issued only brief statement on Wednesday to ANSA news agency: For seven months of the year I travel the world for my job. The tax agency is rightly doing its job... My consultants are already examining the issue.
Italy's centre-left government estimates the cost of tax evasion at 7 percent of gross domestic product, or about 100 billion euros a year. Italy could turn to the European Union to try to strike down British law under which a more or less fictitious residence in London allows you not to pay taxes in your own country, said Vincenzo Visco, the government's tax chief. Is Rossi going to br example in which Italian govermant wants to show what happens to tax-cheaters, time will show.
|
Back to MotoGP news home
|
|
|