Categories: Europe

Porsche ought to pay $47M for breach of duty on tax filings, German prosecutors say

FRANKFURT — Porsche ought to pay a top quality of 40 million euros ($47 million) for breach of duty relating to its tax filings, German prosecutors acknowledged.

The company is paying that sum to the state of Baden Wuerttemberg, the place it is based totally, and by no means attention-grabbing the top quality, the prosecutors added.

“Subsequently, the proceedings in opposition to Porsche have been legally completed,” they acknowledged.

The case pertains to filings between 2009 and 2016.

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