Taxes

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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Chrysler turned away by bankruptcy court in tax-refund quest

12:34 am U.S. ET | Feb. 24, 2014
Chrysler Group couldn't get a New York bankruptcy court's help in its bid to recover an alleged $50 million overpayment of state unemployment insurance premiums....
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Toyota to curb Japan output 15% in April as tax hike kicks in

7:25 am U.S. ET | Jan. 28, 2014
Toyota plans to curb daily vehicle output in Japan by 15 percent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise, a source familiar with its production plans said today....
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Brazil to slowly roll back tax breaks on cars in 2014

3:38 pm U.S. ET | Dec. 24, 2013
The Brazilian government will gradually roll back tax breaks on cars next year amid worries from producers that higher duties could hit sales in the South American country....
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Ford gets new court hearing on $445 million IRS tax dispute

2:01 pm U.S. ET | Dec. 2, 2013
Ford will get a new hearing in its bid to collect $445 million in interest on overpaid taxes from the IRS, as the Supreme Court told a lower court to take a fresh look at the case....
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Congress created tax break to fuel economic recovery

12:01 am U.S. ET | Dec. 2, 2013
During and after the 2008-09 recession, Congress enacted dramatically higher limits to the Section 179 depreciation tax deduction of business assets....
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Chinese authorities break up car-smuggling gangs

Nov. 28, 2013 12:53 CET
Chinese authorities have broken up six gangs that smuggled around $164 million worth of cars into the country to help consumers bypass heavy taxation....
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Special Report
No. 1 store empowers, retains employees

No. 1 store empowers, retains employees

Texas dealer Greg May encourages his staffers to provide input and solve problems on their own. Mon., October 20
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