He took advantage of legal rules to save tax worth GBP3.3m (approx Rs 32.51 crore) by registering a GBP 16.5m (approx Rs 162 crore) private jet on the Isle of Man
Lewis Hamilton
Formula One star Lewis Hamilton, 35, will be awarded knighthood in the New Year's Honours list.
According to British tabloid, The Sun, the seven-time world champion will be handed over the gong after his controversial tax affairs got a green light from the UK Government's Honours Committee.
ADVERTISEMENT
Hamilton, who is worth GBP 250m (approx Rs ,463 crore), is a resident of tax haven, Monaco.
He took advantage of legal rules to save tax worth GBP3.3m (approx Rs 32.51 crore) by registering a GBP 16.5m (approx Rs 162 crore) private jet on the Isle of Man.
Keep scrolling to read more news
Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.
Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
