Alonso Missing Monaco to do Indy 500
Discussion
CraigyMc said:
KevinCamaroSS said:
It does not matter where any of them live, they pay tax in the country they earn it, therefore Alonso still only pays tax in Spain on 5% of his income related to driving.
F1 stopped racing in India precisely because India was trying to tax them as you suggest; http://timesofindia.indiatimes.com/sports/racing/i...I'm not at all sure it works as you are suggesting.
http://www.telegraph.co.uk/finance/personalfinance...
Not sure if it's still the same now though.
aeropilot said:
angrymoby said:
tbh i'd be surprised if it wasn't Button ...but it does beg the question why McLaren didn't use him for the Indy 500 & marketing purposes, rather than risk Fred. The triple crown must have also crossed Buttons mind at some point when he was thinking about retirement- so i doubt he'd have said 'no'
I think you've missed the point entirely ... 
London424 said:
CraigyMc said:
KevinCamaroSS said:
It does not matter where any of them live, they pay tax in the country they earn it, therefore Alonso still only pays tax in Spain on 5% of his income related to driving.
F1 stopped racing in India precisely because India was trying to tax them as you suggest; http://timesofindia.indiatimes.com/sports/racing/i...I'm not at all sure it works as you are suggesting.
http://www.telegraph.co.uk/finance/personalfinance...
Not sure if it's still the same now though.
BigBen said:
London424 said:
CraigyMc said:
KevinCamaroSS said:
It does not matter where any of them live, they pay tax in the country they earn it, therefore Alonso still only pays tax in Spain on 5% of his income related to driving.
F1 stopped racing in India precisely because India was trying to tax them as you suggest; http://timesofindia.indiatimes.com/sports/racing/i...I'm not at all sure it works as you are suggesting.
http://www.telegraph.co.uk/finance/personalfinance...
Not sure if it's still the same now though.
In any case, my understanding is that the drivers tend to live in jurisdicitions with zero or low tax (switzerland, monaco) precisely because they are "taxed" in only those locations for their services.
My understanding is that drivers aren't employees of the F1 teams - they are employees of their own businesses, and the relationship of driver to F1 team is business to business (driver's business to F1 team). Happy to understand more about this, if someone knows and has actual information.
KevinCamaroSS said:
You may be in motorsport marketing but you have no idea how international tax law works. It does not matter where any of them live, they pay tax in the country they earn it, therefore Alonso still only pays tax in Spain on 5% of his income related to driving.
This is not as complex as you think. Alonso wants to go down in the history books. He is not going to do it in F1, so, he wants to do the triple, Monaco F1, Indy 500 and Le Mans. It really is not rocket science.
Oh, I don't work in motorsport marketing, just have done a bit in the past. What I do know is that it's not as simple as paying tax on the money where it's earned - the way the contracts are structures it's not like it's 20m for the year so 1m per race and you pay tax at each country's local rate. The bulk of the driver's tax is paid in their country of residence, which is why they all live in Monaco and not Nice.This is not as complex as you think. Alonso wants to go down in the history books. He is not going to do it in F1, so, he wants to do the triple, Monaco F1, Indy 500 and Le Mans. It really is not rocket science.
KevinCamaroSS said:
You may be in motorsport marketing but you have no idea how international tax law works. It does not matter where any of them live, they pay tax in the country they earn it, therefore Alonso still only pays tax in Spain on 5% of his income related to driving.
This is not as complex as you think. Alonso wants to go down in the history books. He is not going to do it in F1, so, he wants to do the triple, Monaco F1, Indy 500 and Le Mans. It really is not rocket science.
I hope you're not a personal tax adviser! This is not as complex as you think. Alonso wants to go down in the history books. He is not going to do it in F1, so, he wants to do the triple, Monaco F1, Indy 500 and Le Mans. It really is not rocket science.
It's actually quite complicated. Some countries, like the US tax its citizens on whatever they earn, wherever they earn it. They also tax foreign citizens on what they earn while in the US (with various carve-outs meaning that they don't try and capture mere mortals with this). There are then residency tests for non-citizens, looking at days in the US on a sliding scale over three years, to see whether they may tax non-residents as if they were citizens.
Other countries, like the UK tax their citizens depending on domiciled status, so they tax some people on whatever they earn, while they tax others on what they earn in the UK or bring to the UK having earned overseas.
Other countries, like Monaco, don't tax their citizens at all on what they earn.
I have no idea what Spain does ...
Jez
I have to say I am slightly startled about the number of people questioning the decision
The Indy 500 is one of THE most historic events is all of Motorsport. People aren't pissing about when they call it the Triple Crown/Holy Trinity of Le Mans, Indy and Monaco
Someone said it shows that F1 is at a bad patch when a champion chooses not do do his, what, 17th Monaco in favour of the Indy 500.
I know f1 is a significant part of the motor sport universe, but I have neither subscribed to, not understood the view that it is the absolute be all and end all of its either, which some clearly feel it to be.
He has the choice of a 17th go at one race (that id already won twice) or a crack at another motor sport legend.....am I alone in thinking choosing the latter is understandable....
The Indy 500 is one of THE most historic events is all of Motorsport. People aren't pissing about when they call it the Triple Crown/Holy Trinity of Le Mans, Indy and Monaco
Someone said it shows that F1 is at a bad patch when a champion chooses not do do his, what, 17th Monaco in favour of the Indy 500.
I know f1 is a significant part of the motor sport universe, but I have neither subscribed to, not understood the view that it is the absolute be all and end all of its either, which some clearly feel it to be.
He has the choice of a 17th go at one race (that id already won twice) or a crack at another motor sport legend.....am I alone in thinking choosing the latter is understandable....
Vocal Minority said:
I have to say I am slightly startled about the number of people questioning the decision
The Indy 500 is one of THE most historic events is all of Motorsport. People aren't pissing about when they call it the Triple Crown/Holy Trinity of Le Mans, Indy and Monaco
Someone said it shows that F1 is at a bad patch when a champion chooses not do do his, what, 17th Monaco in favour of the Indy 500.
I know f1 is a significant part of the motor sport universe, but I have neither subscribed to, not understood the view that it is the absolute be all and end all of its either, which some clearly feel it to be.
He has the choice of a 17th go at one race (that id already won twice) or a crack at another motor sport legend.....am I alone in thinking choosing the latter is understandable....
I think it's more the fact that I assumed he was contracted to race for McLaren for a season and half way through decides he's going to go do something else. Some of that is me assuming McLaren are a top team, like you wouldnt expect Hamilton to just not turn up one weekend and Rosberg jump in. The Indy 500 is one of THE most historic events is all of Motorsport. People aren't pissing about when they call it the Triple Crown/Holy Trinity of Le Mans, Indy and Monaco
Someone said it shows that F1 is at a bad patch when a champion chooses not do do his, what, 17th Monaco in favour of the Indy 500.
I know f1 is a significant part of the motor sport universe, but I have neither subscribed to, not understood the view that it is the absolute be all and end all of its either, which some clearly feel it to be.
He has the choice of a 17th go at one race (that id already won twice) or a crack at another motor sport legend.....am I alone in thinking choosing the latter is understandable....
Thinking about this some more , I feel it is much about more F1 in general than McLaren in particular. For decades it has been confined to the corporate straitjacket applied by Ecclestone. He has stamped on anything which he felt threatened his precious brand (eg control freakery about everything , Hulkenberg in the sh*t for doing Le Mans etc ) and as a result it became an homogenous product to be w
ed around the planet and sold to the highest bidder - so joke races at joke tracks in joke countries was the legacy .
I think Liberty are sending out the message via Zak Brown that F`1 isn't in its own bubble any more , and that ,why not ? the fans at Indy should be seeing top flight Grand Prix drivers again - after Clark ,Hill , Mansell et al and that won't do one bit of harm for raising the profile of F1 in USA.We used to have Watkins Glen and Long Beach , and whilst Austin is good there is still a profile to raise and the memories of the disgraceful Indy GP 2005 charade to assuage .
I think it's a smart move,it's as if the F1 community is saying ' Bernie's history at last , f***k it ,so why not , let's make things more fun again'. Hope I'm right ....
ed around the planet and sold to the highest bidder - so joke races at joke tracks in joke countries was the legacy . I think Liberty are sending out the message via Zak Brown that F`1 isn't in its own bubble any more , and that ,why not ? the fans at Indy should be seeing top flight Grand Prix drivers again - after Clark ,Hill , Mansell et al and that won't do one bit of harm for raising the profile of F1 in USA.We used to have Watkins Glen and Long Beach , and whilst Austin is good there is still a profile to raise and the memories of the disgraceful Indy GP 2005 charade to assuage .
I think it's a smart move,it's as if the F1 community is saying ' Bernie's history at last , f***k it ,so why not , let's make things more fun again'. Hope I'm right ....
According to the BBC Button is McLaren's reserve driver and they even have an option on him to race for them in 2018, so I'd be surprised if it wasn't him. That said, any further participation on his part would be a far cry from the impression he left us with at Abu Dhabi last year.
"But there is no other serious option than Button, 37, who is contracted to McLaren as a reserve driver and will race barring unexpected circumstances.
The 2009 world champion retired from Formula 1 at the end of last season and has spent the winter in California training for Ironman triathlons, his long-time passion.
He signed a contract with McLaren last autumn that committed him to replacing any race driver who was not able to take part in a grand prix this year.
As part of that contract, the team also has an option on signing him to race in 2018."
http://www.bbc.co.uk/sport/formula1/39589767
"But there is no other serious option than Button, 37, who is contracted to McLaren as a reserve driver and will race barring unexpected circumstances.
The 2009 world champion retired from Formula 1 at the end of last season and has spent the winter in California training for Ironman triathlons, his long-time passion.
He signed a contract with McLaren last autumn that committed him to replacing any race driver who was not able to take part in a grand prix this year.
As part of that contract, the team also has an option on signing him to race in 2018."
http://www.bbc.co.uk/sport/formula1/39589767
Edited by MitchT on Thursday 13th April 19:46
MitchT said:
According to the BBC Button is McLaren's reserve driver and they even have an option on him to race for them in 2018, so I'd be surprised if it wasn't him. That said, any further participation on his part would be a far cry from the impression he left us with at Abu Dhabi last year.
If it's from Benson then I wouldn't trust it.McLaren's own site doesn't mention Jenson as a reserve:
http://www.mclaren.com/formula1/team/reserve-test-...
Though ironically, Oliver Turvey doesn't seem to have a current superlicence, though he would be eligible to re-apply for one, according to:
http://www.f1fanatic.co.uk/2016/01/14/316-drivers-...
It's purely a commercial strategy. Alonso is doing as he's told (not necessarily unwillingly) by his employer.
You only have to read the press release comments attributed to Alonso to see this. Note the many references to Honda etc.
It's a great idea, but I would bet my month's wages it's not Alonso's.
You only have to read the press release comments attributed to Alonso to see this. Note the many references to Honda etc.
It's a great idea, but I would bet my month's wages it's not Alonso's.
janesmith1950 said:
It's purely a commercial strategy. Alonso is doing as he's told (not necessarily unwillingly) by his employer.
You only have to read the press release comments attributed to Alonso to see this. Note the many references to Honda etc.
It's a great idea, but I would bet my month's wages it's not Alonso's.
Why do you dispute that it's FA's idea to win the triple? I'm trying to find the article, but I am sure it was well sourced saying it was his idea to do it.You only have to read the press release comments attributed to Alonso to see this. Note the many references to Honda etc.
It's a great idea, but I would bet my month's wages it's not Alonso's.
I'd agree that McLaren/Honda saw it as a great opportunity for brand salvage and accelerated/backed it... but given his contract will assure him of all of a seasons races in F1, I would be shocked if he was forced in any way.
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