標籤: risks

F1 drivers in Italy are being investigated as authorities believe some of their income has not been taxed where it was actually earned. It is not about where they live on paper, but where they work in reality.

Most Formula 1 drivers are officially based in low tax countries, and this is completely legal. This is a loophole that many racing drivers have taken advantage of. The problems begin when they race at the Italian circuits of Monza, Imola and Mugello. Incidents there are now being used as a basis for calculating what portion of a driver’s global earnings should be taxed locally. The income generated by those events is linked to the work they do on Italian soil. Italian authorities now argue that a portion of that income should be declared and taxed locally.

So they have turned the tax pressure on Formula 1 drivers in Italy into a full-scale investigation, and its scope is broader than before. Authorities are not just looking at individual cases, but are systematically reviewing how drivers have been taxed on income associated with races organized in the country over a number of years.

Italy looking for years of F1 income

It’s certainly not just a straightforward check or routine paperwork. The Italian financial police are going back to the 2020-2024 season, asking for all the paperwork: contracts, sponsorship deals and even pay statements to get a clear picture of how much drivers really earned while doing their job in Italy. They’re tearing it to pieces, looking at everything from race win money to appearance fees, even pieces of sponsorship deals tied to racing in the Italian Grand Prix.

And the consequences can go beyond money. If the amount they are being asked to repay exceeds €50,000 it could actually become a full criminal case under Italian law, carrying large fines and even, at least in theory, a prison sentence of up to five years. Given the large amounts of money involved per season for drivers, it would not take much for the sums to add up, which is why this investigation holds real legal importance.

It has been reported that all drivers are receiving official letters demanding that they hand over all their tax filings. This confirms that the process is active and targeted, and not just a generic warning for the game. They’re not just looking at drivers. The teams are also involved in a case of not deducting proper taxes on payments for work done in Italy. If all this is true, teams may also face financial risks of their own.

At the same time, Italy has also tightened its tax system to make it less attractive for people considering moving there, raising the annual fixed payment on foreign income to €300,000. More importantly, the scheme does not only cover income earned within Italy. Any salary paid by an Italian team like Scuderia Ferrari is taxed under standard rates, which can reach up to 43 percent. This also limits the leverage for high-profile moves like Lewis Hamilton joining the team.

The situation is straightforward in theory but messy in reality. Drivers have long structured their finances, often legally, in many countries, but Italy is now testing it.

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Florence may be known as the ‘Cradle of the Renaissance’, a city of art, beauty and invention, but when crystal Palace Fans arriving on Thursday will find a city of security.

With more than 1,300 Crystal Palace fans expected in the city for tomorrow’s Conference League clash with Fiorentina, authorities have activated a full-scale plan to protect both public order and the city’s priceless monuments.

Florence is on alert regarding the Crystal Palace

La Nazione reports on variousAnd very extreme security measures are being taken for the game.

Firstly, Florence will operate under tight security from early in the morning. There will be barriers around the Duomo, Biancone (Neptune Fountain), Loggia dei Lanzi and other sites. This is due to concerns about English fans gathering in the historic centre.

Police, Carabinieri and Guardia di Finanza units, some of whom are in riot gear, will patrol the city throughout the day. Their mission is clear; Prevent skirmishes, keep the wings separated and protect the busiest and most delicate areas of Florence.

Monument under special protection

The city’s artistic treasures are being given unprecedented attention.

Following orders from the Prefecture and Questura, municipal teams have set up anti-ram barriers around various monuments in the city.

This security will be in effect from Wednesday 8 am to Thursday midnight. The plan is to create a secure perimeter designed to prevent vandalism or accidental damage.

There are also parking restrictions in place in the historic centre. Any vehicle abandoned inside the protected area, unless a handicapped permit is displayed, will be towed and impounded. The goal is complete visibility and control for the police.

action on alcohol

As is often the case in fixtures deemed high-risk, Florence has also banned off-premise alcohol sales for the entire match day. The hope is that this will reduce the likelihood of disorder or rowdy behaviour.

Florence will act as a ‘fortified city’ for 48 hours. He is very focused on protecting his legacy.

This would involve Crystal Palace traveling parties taking buses directly to the away leg. The plan is to prevent roaming groups and reduce the risk of collision.

So, while Crystal Palace are heading into Italy feeling safe with their 3-0 win in the first leg, they will be entering a city that is also safe.

Maybe a little more. But then again, English fans should be used to criticism from top officials at this point.

Leeds United forward Noah Okafor and Sunderland star Granit Xhaka have been left out of Switzerland’s squad to take on Norway due to injury concerns.

Blick report that Xhaka and Okafor As a precaution, both have been left out of the team for tonight’s friendly match with Norway.

According to his information, both of them have been removed as a precautionary measure after being injured.

The decision to exclude players from Leeds and Sunderland was made in consultation with the players and coaching staff. There were concerns about both of them, who are ‘returning from injury’. Switzerland has also decided not to take the risk.

zaka management

Switzerland captain Granit Xhaka was doubtful to play this evening after missing training on Monday. Sport Witness covered his absence in a report yesterday afternoon.

It also included comments from Switzerland manager Murat Yakin on the matter. “He is showing the effects of the high workload. He can’t start games,” Yakin told reporters.

This potentially left the door open for a substitute appearance. Xhaka played 45 minutes in last week’s friendly match with Germany Yakin insisted that they would be careful With the Sunderland midfielder during this international break.

okafor concern

Meanwhile, Noah OkaforWas given ‘doubtful’ status In a report today for the game against Norway.

It turns out the Leeds forward played an innings during training with the Switzerland team this week.

He was scheduled to be a substitute in the defeat to Germany, but was ruled out after suffering an injury in the warm-up.

It was a huge blow for the Leeds forward, who had been working for a month to get back into his country’s good books. It had already subsided due to injury and now it has happened again.

Sunderland and leeds are watching

Sunderland and Leeds will be watching with interest. The former players will surely be pleased that their star player has not been put at risk due to his recent return from injury.

If the Black Cats are to finish the season strongly they will need Xhaka fit and firing. Losing that friendship for a long time would have been a huge blow.

The same can be said for leads. They need Okafor fit and ready to help them in their fight against the decline. After another injury, putting him at further risk doesn’t help the cause.