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Valentino Rossi ready to pay up if found to have evaded taxes

Valentino Rossi ready to pay up if found to have evaded taxes

Valentino Rossi is ready to pay up if authorities rule that he evaded taxes.
Italy's tax authorities recently said they were investigating the seven-time motorcycling world champion for possible undeclared earnings of euro60 million (US$81.7 million) from 2000-04.
"I'm calm because everything was done within the law. But if it turns out after the appropriate checks that something is wrong, I'll be accountable," Rossi said at the San Marino Grand Prix, local media reported Friday.
The 28-year-old Rossi has been a British resident since 2000. He allegedly did not declare revenues from sponsorship or his team to either British or Italian authorities between 2000-04.
Rossi _ Italy's highest-paid athlete _ could be forced to pay euro112 million (US$153.7 million) in back taxes, fines and interest.


Updated : 2021-06-15 09:17 GMT+08:00