FCA challenges Italy tax agency over value of US business

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.

Ireland Ireland Latest News, Ireland Ireland 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 »