Verstappen faces huge allegations

Max Verstappen, the two-time Formula 1 champion and current leader in the championship race, is currently under investigation for alleged tax evasion amounting to millions of euros.

Heading into the 2023 Formula 1 season, Red Bull driver Max Verstappen has accumulated an impressive 170 points, positioning himself as the favorite to secure his third title. However, recent reports indicate that he is under scrutiny for purportedly evading taxes worth 200 million euros.



Allegations of 200 Million Euros Tax Evasion

Verstappen’s alleged involvement in such a substantial tax evasion case could potentially disrupt his sporting focus, although his agent, Raymond Vermuelen, vehemently denies the accusations.

Following the public disclosure of the allegations, Max’s agent, Raymond Vermuelen, promptly clarified that Verstappen is in full compliance with tax regulations, expressing confusion over the existence of the accusations.

To date, neither Formula 1, Red Bull, nor Max Verstappen have issued official statements regarding the allegations.


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All Claims Dismissed

Verstappen’s representative, defending the Formula 1 champion, categorically dismissed the accusations, declaring them completely false and inaccurate. According to the representative, Verstappen pays taxes on his sporting performances in the Netherlands, as well as on the income he generates during race weekends in Zandvoort. They maintain that taxes are duly paid in other countries where Verstappen generates income.

“It is completely false and incorrect what they wrote, we pay taxes on the sporting performances we offer in the Netherlands, as well as the income he earns during the weekend in Zandvoort, just as we pay taxes in other countries where he generates income,” clarifies Vermuelen.



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Accurate taxation matters says Vermeulen

The representative further stated that they have no other business activities within Max Verstappen’s home country of the Netherlands, raising questions about the necessity of paying taxes on foreign income there. They argue that it would be illogical to face double taxation:

“Why do we have to pay tax on foreign income there? It would be strange if we pay twice?”

The principle of preventing double taxation on the same item forms the basis for their assertion that paying taxes twice would be unjustifiable under tax law.

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3 responses to “Verstappen faces huge allegations

  1. This is a load of BS. He is not under investigation or anything. Just a woke journalist who thinks he should live IN THE NETDHERLANDS and pay more taxes. But he lives in Monaco and that is not fair (opinion of the journalist). So no investigation, no alligations, just an opinion. So please, don’t write crap. I’ve been here since a long time, but this is the first time you actually write crap.

  2. Crap is the fuel that keeps this site running. Just see it as a tabloid. Flexible with facts, but entertaining.

  3. Pingback: Max Verstappen's Team Exposes the Truth Behind $215 Million Tax Fraud and How Tax Is Killing F1 Driver’s Salary - Sportsmanor·

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