Tour de France champion Vincenzo Nibali is reported to have avoided a potential six-month prison sentence after reaching an agreement with Italy’s tax authorities over undeclared income.
Sir Chris Hoy has slammed a 'misleading' report in the Guardian newspaper that stated that his company paid him £325,000 in loans as part of a possible tax avoidance scheme.
The article alleged that in a year when Hoy's company dividends were slashed, an open-ended loan for almost the same amount lost was paid to him by the company.
In a statement released today, Hoy said: "Although I would not normally speak about such matters in public, I regard the article to be misleading and as such I have felt compelled to respond.
I bought a Giant TCX 2 Cyclo-cross bike on the Work's Halfords Cycle to Work scheme last year
She's been really good, but there are a few niggles (cantilever brakes, gears, wheels) that mean I am thinking about going back to a road bike on the same scheme this year.
Has anyone already done the research on the sub-£1000 road bike range for 2012? I'm not particularly precious about brands, but would like a bike that has relatively reasonable resale value.
Been looking at the usual suspects: Giant, Felt, Specialized, Focus, Cube, Boardman.
Anyone got any cracking finds?
Australian Saxo Bank star Stuart O'Grady is in trouble with the Australian tax office – but he claims he’s already paid all the tax he should.
The rider – who was sent home from the Vuelta after being caught breaking team rules by going out for a drink with Andy Schleck – claims the taxman is trying to tax him for four years during which he was living in France and had already paid tax there.
Initial fears that new tax rules introduced this week might mean the end of the Cycle to Work Scheme have been played down by industry insiders.
Respondents to an invitation for consultation on the Cycling Action Plan for Scotland (CAPS) have overwhelmingly rejected the idea that cyclists should have to pay a tax to use the road.
In the CAPS Consultation document published in May last year, the Scottish Government invited responses to a series of 13 questions, one of which asked: “Should all road users pay road tax? If so, how much should it be for cyclists and how could it be enforced?”
Italian former cyclist Paolo Bettini, officially a resident of Monaco, has been placed under investigation by the Italian tax authorities, who claim that he never actually moved there, and if found guilty he could face an income tax bill of €11 million.
Plans by the Dutch government to bring hundreds of bicycles to next February's Winter Olympics in Vancouver to promote healthy living and donate them to local charities afterwards have hit a formidable obstacle in the shape of the Canadian taxman.