‘Anyone would do it’: Simple but controversial reason most F1 stars live in one tiny country

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‘Anyone would do it’: Simple but controversial reason most F1 stars live in one tiny country
Property TaxHome CountryMax Laughton
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F1: Max Verstappen held on to win the Emilia Romangna GP, despite a late charge from Lando Norris.

You could certainly it’s argue Silverstone, in the UK. The circuit hosted the first ever world championship race and remains an iconic venue that’s used to this day; plus it reflects the heavy British influence on the sport.

We’re pretty sure Aussie young gun Oscar Piastri isn’t one of them, despite him quipping he was “exploring the new home” while climbing what is actually part of France this week. Almost a quarter of Monte Carlo’s residents are millionaires, and so these successful drivers fit into that lifestyle perfectly; there are strong privacy laws in place and given the high ratio of celebrities to normal citizens, it’s not a big deal when they’re spotted out and about.

“There’s probably drivers in the paddock here who get to F1 and make some decisions because they expect their career in F1 to maybe be 10 years, and it can turn into one year or two years. It’s the same as corporations basing themselves in tax havens - the Australian Taxation Office said more than 800 large companies paid no tax at all in 2021-22, the last publicly available year, though many of these simply made an accounting loss or claimed a series of tax offsets.

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Property Tax Home Country Max Laughton Tiny Country England Australian Taxation Office North America American Races Tax Benefits Marginal Tax Rates George Russell Monaco Western Asia Tax Revenue Nice Airport Central Base Lando Norris Northern Europe Grid Lives Kevin Magnussen Europe Home Countries Tax Offsets Fernando Alonso Tax Burden Multinationals Save Privacy Laws Western Europe Northern America Liberty Media Corporation London Income Tax World Championship Race United States Of America Dubai Tax Havens Real Reason World Champions Max Max Verstappen Colorado America France Race-Winners George Russell Charles Leclerc Carlos Sainz Lance Stroll United Kingdom Wealth Tax International Monetary Fund Switzerland Sergio Perez Esteban Ocon Asia Literal Home Helicopter Service Controversial Reason Accounting Loss Drivers Able Red Bull

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