FCA challenges Italy tax agency over value of US business

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Fiat Chrysler Automobiles (FCA) has challenged Italy's tax authority which has said the car company had underestimated the value of its U.S.

MILAN: Fiat Chrysler has challenged Italy's tax authority which has said the car company had underestimated the value of its US business after it bought Chrysler.

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 US$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.In its third-quarter report in October, FCA said Italy's inland revenue had issued the company with a final audit report in October this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 6. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fiat Chrysler disagrees with Italy tax agency on underestimating US businessFiat Chrysler Automobiles said on Thursday it strongly disagreed with a tax authority claim that it had underestimated the value of its U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Fiat Chrysler disagrees with Italy tax agency on underestimating US businessFiat Chrysler Automobiles said on Thursday it strongly disagreed with a tax authority claim that it had underestimated the value of its U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »