1
The Sports Desk / Re: Formula 1
Last post by Thryleon -You guys are making an assumption that this donation is the only tax minimisation strategy.
No.
Which is why i wasnt implying what shawny said i was implying.
There are a million and 1 ways to benefit from things, shawny assumed there was 1.
I listed a couple, but its just the tip of the iceberg.
Kickbacks are another.
I donate to you, you get my fashion label some shelf space in paris and milan.
I donate to you, you give me some inside info on stock tips.
.....get me a good real estate deal.
Rich helping the rich.
Solely on that original donation mentioned there's no benefit.
Add in some tax deductions for travel, costs of living like hotels, airfares, car expenses, educational stuff for "research", other income tax breaks such as paying yourself via a contracted company based in the cayman Islands and then he tips into charity to help and comes out with the deals you mention all to look like a philanthropist.
Thats not to condemn him. Good on him, probably costs him nothing and gives him the exact perks and public reputation, but its not that long ago that Lewis Hamilton had a very different reputation in the world.
Perhaps time and age have humbled him. Declaring an outright position here is fraught with danger. He might be an A1 bloke, or he could be a real tosser. You wouldnt know for sure.
Good luck to him and all that support him.
