McLaren are FAST... | FerrariChat

McLaren are FAST...

Discussion in 'F1' started by NeuroBeaker, Oct 11, 2012.

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  1. NeuroBeaker

    NeuroBeaker Advising Moderator Moderator

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    ...talkers as well as racers. :)

    BBC News - Today - McLaren £49m 'cheat' fine is tax deductible


    How they managed to successfully argue that, I'll never know. :eek:

    All the best,
    Andrew.
     
  2. Nuvolari

    Nuvolari F1 Veteran Owner Silver Subscribed

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    Makes total sense. It is a cost of doing business just like replacing a wrecked race car. I'm surprised they even had to explain that one.
     
  3. Wolfgang5150

    Wolfgang5150 F1 Rookie

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    Just going to say the same thing; it wasn't a criminal penalty. If it were they wouldn't have been able to deduct it. Good for them...
     
  4. GTE

    GTE F1 World Champ

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    The cost of doing business? Really? That would only make sense if their business was stealing other peoples intellectual property.
     
  5. Bas

    Bas Four Time F1 World Champ

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    Stealing intellectual property from another company is criminal...unless it wasn't tried like that?

    In any case, good for them.
     
  6. GTE

    GTE F1 World Champ

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    I agree with mr Dee. It is simply ludicrous to state that stealing a competitors intellectual property is sufficiently connected with their trade to grant a tax deduction. Samsung is looking closely...
     
  7. DeSoto

    DeSoto F1 Veteran

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    The penalty was imposed by a sports federation, not by any government, so I suppose that somewhat it´s really "part of the game".

    Oh, well, lawyers!
     
  8. Craigy

    Craigy Formula 3

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    This.

    F1 is about the "formula." If Formula 1 was about "intellectual property" each season would be one endless class-action lawsuit among all teams. Every race a team tries out something new, and when it works each team has it copied by next week. Well except HRT.

    I know there are IP lawyers among us who might be able to shed some light but I'd imagine that buried in part of the various agreements in place to field a team there is some language to the effect neutering such claims.

    Otherwise each team would have its own headquarters right next to the patent office, and he who runs the double diffuser or f-duct or double-drs on day one would win the season as nobody could copy.
     
  9. Nuvolari

    Nuvolari F1 Veteran Owner Silver Subscribed

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    Exactly! No less criminal than another competitor ramming their race car into theirs requiring a replacement to be made and paid for. Again a cost of going racing and doing business
     
  10. GordonC

    GordonC F1 Rookie Owner Rossa Subscribed

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    McLaren didn't steal anything - Ferrari employee Nigel Stepney did the stealing. McLaren employees were, at worst, in possession of stolen intellectual property - but the case in Italy never went to trial.

    The FIA penalty was for bringing the sport into disrepute, not for stealing or possessing IP (although those were factors in the disrepute part, but were never proven in any court and never could have been).
     
  11. Wolfgang5150

    Wolfgang5150 F1 Rookie

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    I just realized if this decision happened a few weeks ago,this alone would have paid for Hamilton's contract....
     

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