The decision by Fiat Chrysler Automobiles (FCA) to move its financial and legal ...
FILE PHOTO: A Fiat Chrysler Automobiles sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo
In an annual report to parliament, Antitrust head Roberto Rustichelli complained about “the significant economic loss of state revenues” caused by FCA moving its fiscal headquarters to London and its parent Exor relocating its legal and tax office to the Netherlands.The overall annual cost of such moves is between $5-$8 billion for Italy, Rustichelli said, mentioning Britain, the Netherlands, Ireland and Luxembourg as among the countries practicing unfair tax competition.
Italian broadcaster Mediaset - controlled by the family of former Prime Minister Silvio Berlusconi - wants to relocate its legal headquarters to Amsterdam to support its pan-European growth strategy.
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