Web tycoon hit with massive tax bill

Ouch!

By Pia Heikkila, 14 May 2002 14:55

NEWS Bankrupt web entrepreneur Jaakko Rytsölä has been hit with a E1.3m (£820,000) tax bill. The Finnish government is chasing Rytsölä for the staggering amount in back-taxes based on his earnings two years ago, despite the fact he is now officially bankrupt. Rytsölä has even been forced to put his beloved Lamborghini and as his E2.5m (£1.56m) Helsinki bachelor pad up for sale. Just two years ago he was estimated to be worth a cool E13.5m (£8.42m) but now earns a thin crust working down his local gym.

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