F1 boss must pay very much money – level 1
17-10-2023 07:00
Bernie Ecclestone is an ex-Formula One boss. Ecclestone does something wrong in 2015.
He says that some things do not belong to him. But this is not true. These things are in other countries. They are worth hundreds of millions of dollars. Ecclestone does not want to pay high taxes. Ecclestone pays little taxes between 1994 and 2022. Now, he must pay 803 million dollars.
He says that he is sorry for not telling the truth about his money. The judge says that Ecclestone does not have to go to jail if he does nothing bad for two years.
Difficult words: worth (how much something costs), tax (money which people and companies pay to the government), jail (a place where people who do something bad stay for some time).
You can watch the original video in the Level 3 section.
What is the outcome of Bernie Ecclestone's court case?
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