Today in luxury marketing:
Porsche finds way around $1.9 billion tax bill tied to VW deal
After five months of finessing the deal, Volkswagen and Porsche Holding SE have figured out how to sidestep the tax man: VW's €4.5 billion purchase of the remaining 50.1-percent stake in Porsche's sports car unit was going to mean a tax liability of €1.5 billion ($1.9B U.S.) due to the Baden-Württemberg Finance Ministry, according to Auto Blog.
{"ct":"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","iv":"bb94fb5fe0457170141dab2a48c62d20","s":"de081ed5cc48c683"}