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Porsche SE profit takes hit from tax arrears

Porsche SE profit takes hit from tax arrears

Germany’s hedge fund Porsche Automobil Holding SE, well known for its implication in the Volkswagen Group and the namesake carmaker, announced it has to pay 428 million euros ($454 million) in tax arrears in 2015. The payments will most likely make a dent in the company’s net liquidity and force […]