Taxes

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

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.... Read More »

 

Rolls-Royce says higher China prices are due to taxes

Oct. 23, 2013 11:49 CET
Rolls-Royce Motor Cars said higher taxes means it makes about the same profit on a car sold in China as in other countries, despite higher sticker prices in the market.... Read More »

 

HANS GREIMEL

Downside of Abenomics hits Japan's automakers

8:19 am U.S. ET | Oct. 4, 2013
Abenomics, the pet name for Japan's economic revival, has worked magic on the yen, boosting the country's carmakers. But now the other shoe is about to fall: Tax hikes.... Read More »

 

Audi's return to Brazil coincides with leasing revival

Sept. 29, 2013 06:01 CET
Carmakers in Brazil are anticipating leases will spur demand for new models as a tax incentive expires and companies such as Audi start local production.... Read More »

 

Ford gets a scolding on 'chicken tax' maneuver in the U.S.

Sept. 24, 2013 06:01 CET
Even without a free-trade pact, Ford Motor Co. has leaned on European models such as the Ford Fiesta and C-Max to extend its U.S. product line.... Read More »

 

France will raise tax on high-emission cars, report says

Sept. 17, 2013 10:34 CET
France will raise the maximum tax levy on high-emission cars to 8,000 euros from 6,000 euros, while scaling back subsidies for low-emission vehicles, a newspaper reported.... Read More »

 

Fuel smugglers cost Europe billions of euros in lost taxes

Aug. 27, 2013 06:01 CET
Rising fuel prices in Europe have led to a jump in smuggling and fuel-theft incidents that is costing governments in the region billions of euros in lost taxes.... Read More »

 

Cut car taxes to boost sales, Italy's auto association says

July 18, 2013 11:06 CET
Italy's auto industry association, Anfia, called on the country's government to reduce the tax burden on motorists to boost flagging car sales.... Read More »

 

Detroit 3 seek to keep tariffs

12:01 am U.S. ET | July 8, 2013
After a failed effort to exclude Japan from regional free-trade talks, the Detroit 3 are demanding that U.S. auto tariffs be phased out in no less than 25 to 30 years.... Read More »

 

States seek to fill gas tax gap with EV-hybrid tax

12:01 am U.S. ET | June 17, 2013
State lawmakers seeking a new revenue stream to pay for the upkeep of roads are looking for owners of vehicles that use little or no gasoline to pay a little more.... Read More »

 

EDITORIAL

Should EVs help pay for highway maintenance?

12:01 am U.S. ET | June 17, 2013
It had to happen. State highway maintenance programs are at least partially funded by gasoline taxes. But owners of electric vehicles, plug-in hybrids and other alternative-power vehicles pay less in taxes because the vehicles use less, if any, gasoline.... Read More »

 

CHRIS GAUTZ

The EV taxation debate comes to Michigan

11:04 am U.S. ET | June 11, 2013
Can a road tell the difference if an electric vehicle or a gas guzzler is driving over it? No, but lawmakers around the country tasked with coming up with a new revenue stream to pay for the upkeep of those roads sure can.... Read More »

 

States debate taxing green cars to recover lost gas taxes

7:38 am U.S. ET | June 9, 2013
Hybrid and electric cars are sparing the environment. Critics say they're hurting the roads. The popularity of these fuel-efficient vehicles is being blamed for a drop in gasoline taxes that pay for local highway and bridge maintenance, with three states enacting rules to make up the losses with added fees on the cars and at least five others weighing similar legislation.... Read More »

 

NICK GIBBS

Muller says Saab period was painful

12:01 am U.S. ET | May 23, 2013
Reports say Sweden wants to question former Saab Chairman Victor Muller about suspected tax offenses. Muller defended payments he received from the automaker in a recent interview and talked about how he has moved on from Saab.... Read More »

 

NICK GIBBS

Why Victor Muller has painful memories of running Saab

12:01 am U.S. ET | May 23, 2013
Reports say Sweden wants to question former Saab Chairman Victor Muller about suspected tax offenses. Muller defended payments he received from the automaker in a recent interview and talked about how he has moved on from Saab.... Read More »

 

Marchionne will face gov't pressure to commit to Italy

May 23, 2013 06:01 CET
The Italian government plans to meet with Fiat CEO Sergio Marchionne over concerns he's shifting the carmaker and heavy truck manufacturer Fiat Industrial away from the country. Fiat Industrial plans for tax purposes to have its fiscal headquarters in the UK, but Fiat has said a move for the carmaker is not on its agenda at the moment.... Read More »

 

JIM HENRY

Are worries over slower, smaller tax refunds overblown?

12:01 am U.S. ET | May 22, 2013
Some lenders complained in first-quarter earnings reports about smaller and later tax refunds. IRS refund statistics weren’t down by much, but any change is important because tax refunds contribute to the annual peak in subprime financing, according to dealers and subprime lenders.... Read More »

 

Former Saab CEO Jonsson, two other execs arrested on tax charges

May 21, 2013 13:04 CET
Three former Saab executives, including former CEO Jan-Aake Jonsson and Chief Financial Officer Karl-Gustav Lindstroem, were arrested by Swedish prosecutors in an accounting-fraud probe.... Read More »

 

BMW under inspection in India after report of tax probe

May 9, 2013 06:01 CET
BMW has said it is cooperating with Indian authorities after a newspaper reported the automaker is being investigated for possibly owing $120 million in taxes.... Read More »

 

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