Taxes

JIM HENRY

BLOG: Size of average tax refund makes a decent down payment

11:45 am U.S. ET | March 18, 2015

For anybody keeping track -- which is to say, anybody interested in subprime auto lending – U.S. tax refunds have fallen a bit more behind than they were a few weeks ago....
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Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
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JIM HENRY

BLOG: Congressmen get testy with CFPB chief Cordray

11:45 am U.S. ET | March 11, 2015

The Consumer Financial Protection Bureau and its critics on the House Financial Services Committee traded jabs in a tense session last week as CFPB Director Richard Cordray presented the bureau's semiannual report....
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Oregon prepares nation's first per-mile road tax

3:33 pm U.S. ET | March 6, 2015

Some states, worried that rising numbers of electric and fuel-efficient vehicles will crimp their gas-tax revenues, are looking at alternative ways to fund road upkeep. In July, Oregon will implement the first such alternative....
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JIM HENRY

BLOG: The auto fallout from tax refund delays

11:45 am U.S. ET | March 4, 2015

Tax refund season is typically the high point of the year for subprime auto lenders, but so far the early tax refund statistics are down slightly from a year ago....
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France offers up to 10,000 euros to encourage diesel drivers to switch to electric cars

Feb. 5, 2015 12:01 CET

France will gradually align taxes on diesel and gasoline and offer a bonus of up to 10,000 euros ($11,422) to consumers who buy an electric car to replace an old diesel vehicle....
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Fiat Chrysler says it has no plan to move Ferrari's tax base from Italy

Dec. 11, 2014 16:07 CET

Fiat Chrysler Automobiles denied a report that it is considering moving the tax residence of its Ferrari supercar unit outside Italy. The possibility of the move to save on corporate taxes caused an outcry in its home country....
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Ferrari said to mull moving fiscal residence outside Italy

Dec. 10, 2014 13:02 CET

Ferrari is considering moving its fiscal residence outside Italy to save on corporate taxes as the supercar maker prepares for its spinoff from Fiat Chrysler Automobiles, sources said....
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India may extend tax breaks for carmakers beyond 2014, report says

Nov. 27, 2014 11:08 CET

India may extend excise duty concessions for carmakers beyond Dec. 31, a finance ministry source said. European automakers such as Renault and VW are trying to gain a foothold in the market, which is led by Asian brands....
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KEITH CRAIN

Want to buy a good, used crystal ball?

12:01 am U.S. ET | Nov. 17, 2014

The scenario was clear: Constantly rising prices at the gas pump would encourage more and more people to switch to smaller, more fuel-efficient vehicles....
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BMW, others bet on Brazil but benefits trail Mexico

Oct. 30, 2014 16:18 CET

BMW is among a group of carmakers investing in Brazil as a growing middle class fuels a surge in car sales, but high costs, poor infrastructure and few trade agreements mean Brazil can't compete with rival Mexico....
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Ford loses bid to recoup $450 million interest on overpaid taxes

5:33 pm U.S. ET | Oct. 1, 2014

A federal appeals court, in a case that can be traced back to 1983, rejected Ford's bid to recoup about $450 million of interest from the federal government on taxes overpaid by the automaker....
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Fiat's tax accord with Luxembourg may be illegal state aid, EU says

Sept. 30, 2014 13:13 CET

The European Commission has told Luxembourg that its tax arrangement with a Fiat finance subsidiary may constitute state aid, breaking EU internal market rules....
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Texas governor says lower tax, regulatory hurdles lure companies such as Toyota, Tesla

7:37 am U.S. ET | Sept. 8, 2014

Texas Gov. Rick Perry, a potential presidential candidate in two years, said companies such as Toyota will invest where they’re least burdened by taxes and regulation....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Heated debate over transfer pricing

Sept. 1, 2014 06:15 CET

A key challenge facing companies in India is litigation over transfer pricing. Foreign companies are debating with the government whether business between two companies with the same parent is artificially mispriced to lower tax bills....
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California to phase out EV incentives for the wealthy

1:44 pm U.S. ET | Aug. 29, 2014

California, which offers rebates of up to $2,500 to electric vehicle buyers to help meet a goal of getting 1 1/2 million zero-emission vehicles onto its roads by 2025, is overhauling its incentive program in response to a common criticism: The state's rebates are sometimes just a windfall for the wealthy....
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SPECIAL REPORT

Obama aides let Delphi avoid taxes with 'inversion' tactic now assailed

12:34 am U.S. ET | Aug. 6, 2014

President Obama says U.S. corporations that adopt foreign addresses to avoid taxes are unpatriotic. But the administration helped one $20 billion American company, Delphi Automotive, do just that....
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Delphi latest in fight over offshore U.S. tax shelters

2:47 pm U.S. ET | July 8, 2014

Delphi Automotive plc is in the crosshairs of a battle between the IRS and many large American companies over the use of offshore tax shelters. Delphi is the latest corporation in dispute with the federal government over its tax practices. The IRS notified the supplier last month it would be taxed as a domestic corporation, despite its previously established tax domicile in the United Kingdom....
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Delphi now part of 2 federal investigations

1:29 pm U.S. ET | June 27, 2014

Parts supplier Delphi Automotive plc is now part of two federal investigations -- one of them tied to the ongoing General Motors recall crisis and the other a potential challenge by the IRS to its tax domicile....
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U.S. senators want to hike gasoline tax for first time since 1993

4:11 pm U.S. ET | June 18, 2014

Two senators said they want to raise the federal gasoline and diesel tax by 12 cents a gallon to prevent a fund that pays for about half of the country's transportation projects from running out of money in August....
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In Italy, driving a Lambo can put you in tax limbo

12:01 am U.S. ET | April 7, 2014

The Italian government has targeted supercar owners as part of a crackdown on tax evaders....
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