Rossi Tax Deal

Valentino Rossi has agreed to pay 19m euros in tax to the Italian authority's. So how much must he have earned.


BBC NEWS | World | Europe | Bike champion in massive tax deal

Lucky tax man

IIRC Rossi earns in the region of $30M a year !!

(I'm not sure if that figure is a total - including sponsorships - or just what Yamaha pay him )

he wont miss it

"Former motorcycling world champion Valentino Rossi has reached agreement to hand over 19m euros (£26m) in unpaid taxes to the Italian authorities. "

How is 19m Euro's equal to 26m pounds??

They've got it the wrong way round Pudster... 19M GBP = 26M EUR !!

So he's having to pay 26,000,000 Euros in tax!

Move to Monaco mate

Buzz LightyearDavid Coulthard lives there... that's enough reason not to go !!

he could try the isle of man!!!!

Wouldn't 19m euro be closer to 12.5m pounds???? If he earns 30m dollars (£15m) each year that would be about 5 years tax....which if he has omitted to pay would be about right I suppose

He hasn't paid taxes in a while using off shore deposits but still lives in Italy in practice.

He is a rich man indeed.

And a very talented 'bike rider too !!

He said he originally moved from Italy to get a 'quiet life away from his fans'... i wonder if that was entirely true then

Considering how 'rabid' Italian fans are....I suspect there may be a little truth in the comment

Nope, he wanted the kind UK tax system which allows you to be taxed only on your onshore income (about zero for Vale) and not look at your offshore money.

Clearly, he was going to get taxed when he'd "import" money back to England but he never really did.

However, he did "import" money into Italy to buy several houses, yachts, cars, etc.

Originally Posted by Stori

Considering how 'rabid' Italian fans are....I suspect there may be a little truth in the comment

Yes indeed Mr. S he did mention that they made it impossible for him to go anyway in peace or lead anything resembling a normal life !!

Pile of crock from an overpaid sportsman

He's in Italy all the time chaps (hence why he needs to pay taxes). The "oh leave me alone" bit is just for show and it didn't work.

He had to pay up!

Sounds like his own fault to me!

He took probably some dodgy advice and got greedy, hence he had to pay (btw, he only paid 20% of what the IRS wanted at the beginning of the investigation).