Rossi agrees to pay tax!

**bigbad** · 11th February 2008, 20:42

They way Italians deal with their taxes is a lot different to how we do things here. (Maybe culture) I've heard they are a lot dogey and many companies file false returns and don't declare income, revenue ect.

**Movistar** · 11th February 2008, 21:38

Might as well just buy the IRD...

**orangeback** · 13th February 2008, 06:57

http://www.motogp.com/en/motogp/moto...id=3&section=1
that's a lot of dosh 65 million nz

**The Pastor** · 13th February 2008, 08:58

italy's gumbermint isnt corrupt - yeah right!

**Coyote** · 13th February 2008, 09:09

Gosh, knew he must be making a fair bit of money but not quite that much

**HenryDorsetCase** · 13th February 2008, 09:13

in the late '60s, early '70's riders were making good money, and F1 drivers more: like 500000 pounds a year. This was before the rampant commercialism and before TV rights and all that palaver. I bet that is less than a year's income for VR, and he is still in his peak earning years.

Good to see it sorted.

**James Deuce** · 13th February 2008, 09:21

Rossi doesn't tell lies like, "I live in the UK, not Italy" - Yeah Right. Serves him right for not hiring a financial team to absolve him from having to pay tax at all. He's too rich to even dream of paying tax, the idiot.

**Badjelly** · 13th February 2008, 09:26

Sorry if this is a bit off-topic. Perhaps there should be a sub-forum for Racing Celebrities?

Rossi is going back to Italy to "spend more time with his family":

http://www.crash.net/motorsport/moto..._to_italy.html

I'm a huge fan of Rossi, but not so much of his PR people. At least when he talks about racing he seems to tell it as he sees it.

It'll be great to see him do battle with that stroppy young Aussie bloke. Can't wait.

**James Deuce** · 13th February 2008, 09:29

He got done for tax evasion because he lied about his place of residence. He WAS living in Italy, he just listed his address as London. Cost the silly bugger 35 million.

This is one of those PR press releases designed as a feeble, paper thin cover up for his fraud.

**Badjelly** · 13th February 2008, 09:33

He lived in London because he loved the vibe there and he could be more anonymous. Oh, and because he thought it would save him buckets of money in tax.

He's returning to Italy to spend more time with his family and friends. Oh, and because the Italian tax people said they'd sue the pants off him if he didn't.

**pritch** · 13th February 2008, 09:35

It would seem we currently have three threads running on KB that concern themselves with VR's tax problems. Even considering the magnitude of the amount that does seem a tad excessive

**Badjelly** · 13th February 2008, 09:35

Sorry, I shouldn't have started a new thread, this really belongs in

http://www.kiwibiker.co.nz/forums/sh...ad.php?t=67060

**Badjelly** · 13th February 2008, 09:37

Originally Posted by pritch008

It would seem we currently have three threads running on KB that concern themselves with VR's tax problems.

Er ... sorry.

**HenryDorsetCase** · 13th February 2008, 09:39

we're all basically jealous. I cant even find the $45k for the car I want, let alone a few million in Euros for tax.

**Badjelly** · 13th February 2008, 09:45

A few years ago Alex Barros paid US$2.9 million for breaking his contract with Yamaha

http://www.mcnews.com.au/motorcycler...rros_court.htm

I remember thinking at the time that this must be a lot of money for a poor motorcycle racer. It probably made a bigger hole in his finances that EU35 million in Rossi's.