www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Auto Global

Fiat HQ move risks political pain for tax gain

(Agencies) Updated: 2014-01-28 16:37

Fiat HQ move risks political pain for tax gain

A company logo is seen on a Fiat car displayed on media day at the Paris Mondial de l'Automobile, Sept 28, 2012. [Photo/Agencies]?

Fiat?boss Sergio Marchionne, the veteran dealmaker who has just wrested full control of Chrysler from its retirees, is about to unveil his next trick: moving the group's 115-year-old headquarters out of Italy.

While Marchionne has said a New York share listing is on the cards, he is likely to base the new company in Europe under a tax-efficient UK domicile, sources close to the company say.

The CEO is treading carefully in the United States and Italy, whose governments have bailed out Chrysler and funded temporary layoffs at Fiat. He is aware that Rome may intervene.

"I've seen weirder things happen," Marchionne told reporters at the Detroit auto show earlier this month. "So I sincerely hope they don't create obstacles."

Fiat is taking full control of Chrysler after striking a $4.35 billion (2.62 billion pounds) deal to buy the 41.5 percent it didn't already own from a union retiree healthcare fund.

The deal, which closed on January 21, creates the world's seventh-largest automaker with operations in 40 countries and brands including Alfa Romeo, Dodge, Ferrari, Jeep and Maserati.

A neutral country base could help anchor the merger. Previous owner Daimler's attempt to run Chrysler from Germany ended in failure and a $29 billion loss.

But there are tax-related incentives too.

Registering the group in the Netherlands with a UK tax domicile - as Marchionne did with the spun-off CNH Industrial - could ultimately deprive the United States and Italy of tax revenue on some overseas earnings, experts say.

Britain has steadily cut its corporate tax rate - to a proposed 20 percent in 2015 - and reduced the tax burden on profit from foreign subsidiaries in low-tax jurisdictions.

Marchionne, 61, a trained lawyer and tax accountant by training, is due to present his proposals to Fiat's board on Wednesday. The company declined to comment.

He is likely to stick to the template by putting the tax domicile and some corporate functions in Britain, sources close to Fiat said.

Created in a 2013 merger between Fiat's former tractor division and U.S. rival CNH, the company is registered in the Netherlands, tax-resident in Britain and traded primarily in New York, with a secondary share listing in Milan.

Unlike Italy, Britain has no withholding tax on dividends from foreign operations. One beneficiary would be Fiat's founding Agnelli family and its Exor holding.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 情侣自拍啪啪 | 亚洲精品久久久久午夜三 | 久久国产美女免费观看精品 | 国产在线黄 | 91中文字幕网 | 欧美高清另类自拍视频在线看 | 亚洲精品tv久久久久 | 最新理论三级中文在线观看 | 视频在线一区二区三区 | 免费人成在线观看视频不卡 | 日本理论片午夜论片 | 免费观看欧美性一级 | 国产区更新 | 亚洲日本一区二区三区在线 | 国产国语对白一级毛片 | 久草高清视频 | 国产精品视频久 | 色老头老太做爰视频在线观看 | 91久久综合九色综合欧美98 | www.久草.com| 三级视频在线播放 | 俄罗斯极品美女毛片免费播放 | 国产一级毛片一区二区三区 | 成人国产亚洲欧美成人综合网 | 国产日韩一区二区三区在线播放 | 在线亚洲精品自拍 | 美女视频一区二区三区 | 成人综合在线视频 | 99视频国产热精品视频 | 高清韩国a级特黄毛片 | 国产亚洲精品一品区99热 | 亚洲91精品 | 午夜不卡av免费 | 成人合集大片bd高清在线观看 | 亚洲欧美日韩精品久久 | 美女视频一区二区三区在线 | 国产视频二区 | 91pao强力打造免费高清 | 波少野结衣在线播放 | 日韩欧美二区 | 91久久青草精品38国产 |