Thursday, December 11, 2014

Ferrari – tax office out of Italy: the hypothesis of Bloomberg – Quattroruote

Ferrari – tax office out of Italy: the hypothesis of Bloomberg – Quattroruote

Continuing the great maneuvers of the new presidency Ferrari , which is reshaping the entire structure of the mark: as well as the spin-off from Fca , Sergio Marchionne would be to work on the transfer of the registered tax Horse abroad, as reported today by Bloomberg .

Operation similar to those of Fca Industrial and CNH. The news item in an operation similar to the one that led the management of tax Fca Industrial and CNH in the UK, in order to save on taxes: overseas firms have particularly favorable taxation (also on the filing of new patents), further reduced last year by the Cameron government.

No result in Maranello. Bloomberg, citing unnamed sources close to the operation, outlines a framework still developing: between the hypotheses on the table there is also that of the stay tax of Ferrari in Italy. Whatever was to be the final decision – expected over the next few months – the industrial operations of the House in Maranello will not be altered. From Fca, emphasizes the agency, official comments have not arrived.

Thud on the Milan Stock: – 6.62%. The rumor had immediate implications on the stock, where the title Fca lived a black day: at the end of trading has left on the ground the 6.62%, to EUR 9.8 (from 21 November was that actions not down below 10 Euros). On Wall Street, Fca share at around $ 12.10, down 4.5%. On the debacle of today have also influenced the general weakness in equity Squares, a report of the rating agency Fitch, and especially also technical reasons related to the expectation of the pricing of the convertible loan required 2.5 billion dollars, which according to some information is expected in late this evening. F.S.

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