by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
GP Week : Issue 187
F1 >>> nEWs speculation that the Indian Grand Prix could be dropped from the 2014 calendar received fresh impetus after it emerged that Formula One teams expressed reservations about racing in the subcontinent during a private meeting with Bernie ecclestone in Budapest. The sticking point is the Indian central government’s insistence on taxing teams and drivers on their earnings for the one week a year they spend in India, a country in which they do not reside, or claim any form of benefit or support from the state or its coffers. The Indian Grand Prix made its debut in 2011 and the teams have been paying the government tax on income and driver salaries earned over the two years that the country has hosted the event. But with the 2014 F1 calendar growing by a theoretical three races – adding Russia, Austria, and New Jersey – there is room for two or more existing events to be dropped, with F1 boss Bernie Ecclestone confirming that a 20-race calendar was the aim. South Korea, India and Germany are all rumoured to be facing the axe. “We’re looking into it,” Formula One’s commercial supremo Bernie Ecclestone said when asked whether India would be dropped from the 2014 calendar. “We want them to do what is correct for the country.” India is a major market for the sport, with sponsors keen to tap into the growing demand generated by the rising incomes and increasing purchasing power of an emerging middle class. “We had those [tax issues] earlier on as well when we actually came, and it would be a pity if for these reasons we don’t go there,” said Sauber team principal Monisha Kaltenborn, who did not attend the private meeting with Ecclestone. “We understand that under legislation in many parts where we go to we are subject to certain taxes, which is alright and part of the legislation, but I think one should find a good solution there which is good for everyone and just doesn’t tax the teams too much,” she continued. Other team bosses are leaving it to Ecclestone to resolve the issue. “I think that it is up to the promoter to negotiate and to sort out the issues around the Indian Grand Prix and we are pretty optimistic that everything will be okay,” said Toto Wolff, executive director of the Mercedes team. “It was a private meeting so it’s not for public discussion,” Marussia team boss John Booth said. “As far as I’m aware, the Indian Grand Prix is on the schedule and we’ll be going.” A senior official with race promoter JPSI said the company wouldn’t comment on the speculation. India’s race contract runs until 2015, and the circuit has proven to be popular with the drivers, thanks to the elevation changes and contrasting sectors. Sports fans in the country are increasingly warming up to Formula One, despite lower attendance numbers at the second running of the race suggesting other wise. “India is an important market for partners who are already in Formula One or who could even get because of that market into Formula One,” Kaltenborn said. “So it really would be a pity if we do not manage to sort out these problems.” THE 'OTHER' F1 TAX ROW ... 10 GPWEEK.com // 10 GPWEEK.com // PARTNERS: