Whitmarsh admits Indian tax concerns

Friday 30th September 2011

Whitmarsh admits Indian tax concerns

Whitmarsh admits Indian tax concerns

Martin Whitmarsh has revealed that there are still on-going tax concerns ahead of next month's inaugural Indian Grand Prix.

As F1 gears up for its first visit to India, the race has been plagued by behind the scenes politics.

The first of which was customs duty with the Central Board of Excise and Customs unwilling to grant the teams an exemption on their equipment.

This matter was resolved when race organisers, Jaypee Sports International, stated that they would foot the bill, which could be as high as £1million.

However, there is still the issue of local tax legislation, which could force teams and drivers to pay out on 1/19th of their income due to India being one of 19 races of the calendar.

"There are some concerns, and it's a concern for drivers as well as teams," said the McLaren team boss.

"It's quite a tough tax regime, but I'm certainly not competent to tell you exactly where we're at.

"But there is quite a lot of negotiation and discussion going on. I am sure we will race in India, but we need to resolve some of those issues."

User comments

    Loading

      Post a comment

      Spanish GP - Sunday Pictures

      Editor's Picks

      Team-Mate Wars: Spain

      Team-Mate Wars: Spain

      Fernando's continuing whitewash is beginning to cause concern at Maranello, while Lewis has banished his own tyre demons...

      PF1 Forum: Chatting Away

      PF1 Forum: Chatting Away

      Pastor Maldonado for the World title? Lewis Hamilton to Williams in 2012? And everyone reckons they can win. All these and more...

      Conclusions From Spain

      Conclusions From Spain

      It's a season where nothing lasts forever as highlighted by Pastor becoming the fifth different driver to claim a race win...

      The Babes Of Barcelona

      The Babes Of Barcelona

      The lovely ladies were out and about the Barcelona paddock, enjoying the sunshine and the F1 action...

      Fantasy League: Game On

      Fantasy League: Game On

      Think you'd be a better team boss than PlanetF1? Join Our Friends & Enemy League on the PlanetF1 Fantasy League...