Taxes

Opel aims Astra at 'user-chooser' company car drivers to boost profit

July 21, 2015 06:01 CET

Opel will target its new Astra at so-called "user-chooser" company car drivers in a bid to lift sales of the key model as it seeks to return to profitability. Corporate sales are growing in the brand's German home market....
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EDITORIAL

Chop chicken tax to lift competition and innovation

12:01 am U.S. ET | July 6, 2015

It's time to eliminate the so-called chicken tax. The onerous 25 percent U.S. tariff on imported pickups has stifled competition for a half century. Elimating the tariff would lead to greater competition among small pickups in the U.S. and spur innovation in a staid market segment....
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Ford loses $470 million U.S. tax dispute

10:15 am U.S. ET | June 22, 2015

The U.S. Supreme Court today rejected Ford's attempt to claim $470 million in a tax dispute with the Internal Revenue Service....
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Toyota appeals $327 million tax bill in Thailand

7:00 am U.S. ET | June 19, 2015

Toyota said its Thailand subsidiary is appealing a Thai government order to pay additional taxes that the Nikkei business daily said would total more than 11 billion baht ($327 million)....
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Norway reaffirms electric car subsidies after boom

May 12, 2015 16:50 CET

Norway's government reaffirmed some of the world's most generous subsidies for electric vehicles and said it will review high taxes on cars....
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Dutch plug-in hybrid boom set to end

May 10, 2015 06:01 CET

Automakers expect a sales boom in plug-in hybrid cars in the Netherlands will end next year as the government reduces a tax break for company car drivers. The tax break has helped to make the country Europe's biggest market for plug-ins....
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U.S. House OKs bill to kill 'death tax'

3:50 pm U.S. ET | April 16, 2015

The House of Representatives passed a bill to repeal the 40 percent tax applied on estates worth more than $5 million, which dealers have long complained could saddle their family members with huge tax bills should they die unexpectedly. A similar bill has been introduced in the Republican-controlled Senate....
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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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