PORSCHE AUTOMOBIL HOLDING SE A tax audit for the 2006-2009 period when Porsche SE sought to take control of much-larger VW, had determined the size of arrears, Poetsch said, referring to "complicated circumstances" of the company's hedging strategy.
(Editing by David Holmes)
Porsche Automobil SE : SE faces payment of 428 million euros in tax arrears
March 17, 2015 at 12:21 pm EDT
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STUTTGART, Germany (Reuters) - Porsche Automobil Holding SE is facing a payment of 428 million euros (307.5 million pounds) in tax arrears this year which may shrink its net liquidity to between 1.7 billion euros and 2.3 billion, after 2.27 billion in 2014, finance chief Hans Dieter Poetsch said on Tuesday.
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