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Formula 1@lemmy.world · 1 year ago

Ecclestone to pay $800m after pleading guilty to tax fraud

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Ecclestone to pay $800m after pleading guilty to tax fraud

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Formula 1@lemmy.world · 1 year ago

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Former Formula 1 CEO Bernie Ecclestone has been ordered to pay $800 million after pleading guilty to tax fraud in court in the United Kingdom. Ecclestone had previously entered a not guilty plea to…

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ZickZack@kbin.social
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1 year ago
I think that interest is added, specifically you pay https://www.irs.gov/payments/quarterly-interest-rates based on the quarters you were missing taxes.
Not sure if the numbers quoted here include that already

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