Taxes

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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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....
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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....
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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....
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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....
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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....
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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....
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