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A team that relies too heavily on pay drivers can enter a downwards spiral; a pay driver may scare off sponsors, [2] which makes the team more dependent on that pay driver. For example, after wealthy Brazilian driver Pedro Diniz left the Forti team for Ligier after the 1995 season, Forti withdrew from Formula One midway through 1996 .
20% (general rate) 0,0% (for monthly salaries up to €659) + social security charges [34] 45.1% (for monthly salaries above €25,275) + social security charges [34] 5% (reduced rate) 12% (intermediate rate) 22% (standard rate) [146] Taxation in Madeira Malawi: 30% 0 35% [147] — Taxation in Malawi Malaysia [40] 24% (highest rate) 18% (lowest ...
[12] 2009 Formula 1 World Driver's Champion Jenson Button objected, and expressed his position that all current F1 drivers should pay the same flat fee for their super licences: Personally I don't feel that we should be paying different super licence fees for different drivers and different point situations.
Average. Compared with previous years, European tax rates started to be surprisingly stable in 2015, although tax rates are still at a high level. Iceland reduced the standard tax rate from 25.5% to 24% (and the tax rebate rate increased from 7% to 11%), but some countries’ tax rates are increasing.
Formula One teams pay entry fees of $500,000, plus $5,000 per point scored the previous year or $6,000 per point for the winner of the Constructors' Championship. Formula One drivers pay a FIA Super Licence fee, which in 2013 was €10,000 plus €1,000 per point. [222] There have been controversies with the way profits are shared among the teams.
List of Formula One Grand Prix winners; List of Formula One polesitters; List of Formula One drivers who set a fastest lap; The driver's article; Articles in the Formula One drivers by country series (on the all time sections when present and the infobox) for drivers who have not raced in the past two seasons, or who have announced their ...
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The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST). Introduced at an original rate of 7%, the GST rate has been lowered twice and currently sits at rate of 5%, since January 1, 2008. The GST raised 11.7% of total federal government revenue in 2017–2018. [2]