Michael Schumacher: 'I'll leave Switzerland if I have to pay tax'

Schumacher to move if tax rules change
© PA Photos
Mercedes Formula 1 driver Michael Schumacher reveals that he will move away from Switzerland if he has to start paying tax.

Formula 1 driver Michael Schumacher has insisted that he will move away from Switzerland if the current tax laws change.

Trade unions and politicians in the country are trying to axe the current tax law, which allows foreigners to avoid paying tax on earnings received outside of Switzerland.

"I can imagine many wealthy foreigners like myself would leave if the tax deal ended," The Mirror quotes Schumacher as saying.

The German former world champion, who will retire from F1 at the end of the season, is believed to be worth £500m.

Michael Schumacher
Read Next:
Mercedes fined €10,000
>
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account