F1 teamsí association denies speculations of Indian Grand Prix boycott
- Pakistan High Commission staffer asked to leave India after leak of sensitive defence documents
- Cyrus Mistry hits back at Tata Group with slew of allegations: Fraudulent transactions, unethical ways
- Tata Sons vs Cyrus: Sebi, govt keep watch, BSE seeks clarification
- Kashmir is a matter for India, Pakistan to sort out: British PM Theresa May
- It's unfortunate, because it has set a terrible precedent: Farhan Akhtar on Johar-MNS deal
Formula One Teams Association (FOTA) Chairman Martin Whitmarsh has played down speculation that the Indian Formula One Grand Prix at Greater Noida's Buddh International Circuit could be boycotted because of wrangling over tax.
According to the BBC, the F1 teams and drivers are concerned that they will be hit with big tax bills over the race, which will be held on October 30.
"The teams are concerned about the implications of withholding tax in India and being taxed locally. But I don't believe [the race] is seriously under threat," Whitmarsh, who is also the McLaren Mercedes team principal, said.†
"I am sure this will be resolved," he said.
Whitmarsh further admitted that the there had been no assurances from the Indian tax authorities that the matter would be resolved in a satisfactory manner.
- A letter like Cyrus Mistry’s could deepen the credibility crisis of Indian capitalism
- The transgender rights bill dilutes the private member’s bill passed by Rajya Sabha
- Diverse myths around the festival underpin Hinduism’s openness
- Polygamy and gender justice debate is more complicated than it is made out to be
- By brokering for MNS, Devendra Fadnavis has shown himself as a CM afraid of a bully
- Pak PM would do well to study the past before choosing Raheel Sharif’s successor