Fernando Alonso has revealed that he is no longer a resident of tax-free Switzerland, having elected to migrate back to homeland Spain

15:35 El NACHO 0 Comments

Fernando Alonso has revealed that he is no longer a resident of tax-free Switzerland, having elected to migrate back to homeland Spain. It is believed the move will cost the Ferrari driver an estimated 50 million pounds in taxes.

Born in Oviedo, Asturias, Alonso’s move to Switzerland boosted his financial situation. However, it is being predicted by The Mirror that the homecoming will cost a third of his new £150m contract with Ferrari, which stretches to the end of 2016.

“It's great to go home,” the 29-year-old is quoted as saying by the British newspaper. “I'm happy to pay the money. I'm not poor - just a little less rich now.”