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Deccan Herald » Sports » Detailed Story
SETTLES TAX ISSUE
Rossi pays up $51-million
Pesaro (Italy), Reuters:
Former MotoGP World champion Valentino Rossi will pay 35-million euros ($51-million) to Italy's tax agency after coming to an agreement following a lengthy probe.


The 28-year-old will pay 19-million euros for the period 2001-2004 with payments for 2005 and 2006 making the total figure around 35-million.

“I am happy with how this issue has been resolved. It is a high figure but it is more important to be calm, serene and happy,” he told a news conference on Tuesday in his home province of Pesaro on Italy’s east coast.

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