Sept.27 – F1 teams and drivers have still not set on all the problems concerning to tax at the Indian GP, regardless of latest guarantee that the matter was being sorted. Recently the race organisers Jaypee Sports International offered to give any customs duties and taxes if necessary – although this has still not sorted the situation.
Now Central Board of Excise and Customs (CBEC) discarded a tax waiver request, and there remain questions about whether individual teams and drivers will also be taxed on their annual income.
Formula One Teams’ Association (FOTA Chairman, Martin Whitmarsh (McLaren Team Principal) said he was sure the race would go ahead, but admitted that problems still need sorting out.
“There are some concerns for drivers as well as teams, because it is quite a tough tax regime,” he told Autosport. I am certainly not competent to tell you where we are at, but there are negotiations and discussions going on. I am sure we will race in India but we need to resolve these issues.”
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