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JULY 7, 2006

Belgian offering tax breaks for F1

The Belgian Ministry of Finance is offering incentives for Bernie Ecclestone to become the promoter of the Belgian Grand Prix. According to reports in Belgium, Finance Minister Didier Reynders says that if Ecclestone creates a company in Belgium to organize the Grand Prix there would be tax deductions to make the deal more attractive. The Belgians are looking for someone to run the event after the previous promoter went out of business.