The company has received a new tax assessment notice for the year 2009. The total amount including interest is estimated at €280m and will go via the company’s P&L statement. However, it is as yet unclear when the funds will be received.
This tax income item will partially offset the counter-effect from the dilution of Porsche SE’s stake in VW which is the result of VW’s mandatory convertible bond issue. The conversion period of this bond ended on 9 November 2015.
Based on the above, Pors ....
04 Dec 2015
Porsche SE expects a tax refund of €280m
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Porsche SE expects a tax refund of €280m
Porsche Automobil Holding SE Pref (PAH3:WBO) | 0 0 (0.0%) | Mkt Cap: 7,181m
- Published:
04 Dec 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2 -
The company has received a new tax assessment notice for the year 2009. The total amount including interest is estimated at €280m and will go via the company’s P&L statement. However, it is as yet unclear when the funds will be received.
This tax income item will partially offset the counter-effect from the dilution of Porsche SE’s stake in VW which is the result of VW’s mandatory convertible bond issue. The conversion period of this bond ended on 9 November 2015.
Based on the above, Pors ....