After years of wrangling, Volkswagen and Porsche sidestep lawsuits and the taxman to agree a 'merger deal' worth billions. The subsequent merger attempt brought fears of a £800bn tax assessment but was avoided through a loophole which classified the deal as a restructure and not as a takeover.
Volkswagen acquires Porsche for £3.6bn and avoids paying taxes due to loophole
11
After years of wrangling, Volkswagen and Porsche sidestep lawsuits and the taxman to agree a 'merger deal' worth billions.
The subsequent merger attempt brought fears of a £800bn tax assessment but was avoided through a loophole which classified the deal as a restructure and not as a takeover.
The two firms agreed the latest deal after receiving a ruling response from the German tax authorities.
Volkswagen In £3.6bn Porsche Purchase Deal
The subsequent merger attempt brought fears of a £800bn tax assessment but was avoided through a loophole which classified the deal as a restructure and not as a takeover.
The two firms agreed the latest deal after receiving a ruling response from the German tax authorities.
Volkswagen In £3.6bn Porsche Purchase Deal
- jimbo13
- Dan Riffle
- Halcyon
- [ 2 ] Thanks
- [1] reply
- John Durham
- seasoned
- [2] replies
- Formal Shorts
- MoneyMagnetMagnate
- seasoned
- [1] reply
- MoneyMagnetMagnate
Next Topics on Trending Feed
-
11