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Porsche, retail in China, bloggers, Pinterest and Instagram – News briefs

June 14, 2012

 

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.

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