) has challenged Italy’s tax authority which has said the car company had underestimated the value of its U.S. business after it bought Chrysler.
On Wednesday, a source close to the matter said the Italian tax agency believed FCA had underestimated its business in the United States after its phased acquisition of Chrysler by 5.1 billion euros.The tax audit comes at a delicate time for the carmaker which is finalizing talks with PSA , the maker of Peugeot and Citroen, over a planned $50 billion merger to create the world’s fourth-largest automaker.
“We are confident we will successfully make the case for a material reduction in the assessment,” the FCA spokesperson said.
Source: News Formal (newsformal.com)
Fix it again, Tony.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 billionItalian tax authorities believe that Fiat Chrysler Automobiles underestimated th... That’s very American. Undervalue to the tax man. Overvalue to everyone else 🇺🇸 They still have tax authorities in Italy? In the eurocrisis days we all learnt how paying taxes in Italy is only voluntary.
Source: Reuters - 🏆 2. / 97 Read more »
Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 billionItalian tax authorities believe that Fiat Chrysler Automobiles underestimated th... That’s very American. Undervalue to the tax man. Overvalue to everyone else 🇺🇸 They still have tax authorities in Italy? In the eurocrisis days we all learnt how paying taxes in Italy is only voluntary.
Source: Reuters - 🏆 2. / 97 Read more »
Democrat Biden's plan would raise taxes from U.S. companies that pay littleU.S. Democratic presidential candidate Joe Biden would use taxes on the wealthy ... it's always 'raise taxes'.... thats better than giving the ultra wealthy a tax break and watching our deficit rise Well this is dumb
Source: Reuters - 🏆 2. / 97 Read more »
Huawei appeals against U.S. ban on rural carrier customers accessing subsidiesChina's Huawei has mounted a legal challenge against the U.S. Federal Commu... Huawei = Trump destroyed what Huawei built over years of hard work,and financial strength. We wonder why Huawei can not bring personal costs against Trump,because it has a personal hate. It has nothing to do with China. Huewe is an international cooperate entity not China government
Source: Reuters - 🏆 2. / 97 Read more »
U.S. proposal on international tax reform threatens deadlines: OECDThe United States latest proposal on reform of international tax rules could set...
Source: Reuters - 🏆 2. / 97 Read more »