Max Verstappen’s entourage denies rumors of $215 Million worth tax fraud investigation in Netherlands

Max Verstappen is allegedly under investigation based on his finances ahead of the 2023 Canadian GP.

Max Verstappen’s entourage denies rumors of $215 Million worth tax fraud investigation in Netherlands

Max Versttappen

Max Verstappen has had a stellar start to the 2023 F1 season so far with Red Bull Racing. In the 29 F1 Grand Prix’s that have taken place since the 2022 ground effect regulations came into play, Verstappen has emerged victorious in20 of those races. To give a clearer idea of his rise to dominance, the Dutchman has won 14 out of the last 18 F1 races that he has taken part in.

The Red Bull driver has even created a huge gap between him and teammate Sergio Perez in the driver’s standings so early into the season. However, when it comes to his off-track activities, things have taken a huge turn apparently with newfound allegations over the Red Bull driver. He is under investigation for tax fraud amounting to millions of dollars according to thejudge13.com.

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Max Verstappen’s involvement in a tax evasion case amounting to a staggering 215 million dollars could possibly disrupt and damage his career. However, his agent, Raymond Vermuelen has blatantly denied all the accusations thrown at the 2-time F1 world champion. He further clarified that the Red Bull driver is in full compliance with the regulations.

It is completely false and incorrect what they wrote, we pay taxes on the sporting performances we offer in the Netherlands.

Raymond Vermuelen said.

Raymond Vermuelen claims Max Verstappen pays taxes everywhere

While speaking to the media, Raymond Vermeulen also asserted that his client pays taxes in all the countries he liable to pay at. He also added that Verstappen doesn’t have to taxes for foreign income in the Netherlands.

Max Verstappen
Max Verstappen
As well as the income he earns during the weekend in Zandvoort, just as we pay taxes in other countries where he generates income. Why do we have to pay tax on foreign income there? It would be strange if we pay twice?
Raymond Vermuelen said.

Christian Horner and the whole team has made no statement over this issue. Max’s representatives have already stated that it would be illogical to face double taxation by paying taxes for his income in such a way.

It would also be unjustifiable according to the tax laws that have been put in place. It will be interesting to see how this case pans out in the future. Currently, the champ will be focusing on the 2023 Canadian GP.

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