India could lose Formula One race over tax issue: Korea could also be on series hit list of races that could be dropped from 2014 schedule

Korea could also be on series hit list of races that could be dropped from 2014 schedule

By: Gmm on 7/26/2013

LAT PHOTOGRAPHIC - Tax issues could lead to the end of the Indian Grand Prix.

India has emerged as the most likely to lose its Formula one race for 2014, as Formula One CEO Bernie Ecclestone promises teams the 2014 calendar will not have more than 20 races.

Next year, New Jersey and Austria, along with Russia, are expecting to join the schedule, meaning that the calendar could blow out to 22 races. Ecclestone, however, has vowed to limit the schedule to 20.

German-language reports in Auto Motor und Sport and Speed Week said that India and Korea are the races likely to fall victim.

India's problems are not new ones for that venue. Ahead of the first race near New Delhi two years ago, the event was threatened until the 11th hour over a tax dispute.

The Indian government wants the teams and drivers to be taxed according to their high incomes, but so far Ecclestone has managed to placate the issue.

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Source: http://www.autoweek.com/article/20130726/F1/130729875?utm_source=rss&utm_medium=feed&utm_campaign=

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