Formula One drivers based in Switzerland may lose their low tax status after a decision by the Swiss governemnt to drop a ban on motor racing.

The ban had enabled the drivers to claim they were unemployed, thus paying little or no tax. The Swiss Upper House of Parliament is expected to ratify the policy change in the coming days. The decision is expected to affect the top F1 drivers such as Fernando Alonso, Kimi Raikkonen, Felipe Massa and Nick Heidfeld.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.