Ferrari SpA is considering moving its fiscal residence outside Italy to save on corporate taxes as the supercar maker prepares for its spinoff from
Fiat Chrysler Automobiles NV (FCAU), people familiar with the matter said.
The manufacturer, which uses the colors of the Italian flag in its logo, may follow in the footsteps of its parent Fiat Chrysler, which is registered in the Netherlands, listed on the New York Stock Exchange and based in
London for tax reasons, said the people, who asked not to be identified because the discussions are private.
Other options including keeping its Italian residency are still on the table, and a shift in its fiscal base wouldn’t affect its manufacturing and engineering operations in Maranello, about 190 kilometers (118 miles) south of Milan, the people said. A final decision will be made in coming months, the people said. Fiat Chrysler representatives declined to comment.
Ferrari shifting its corporate headquarters outside
Italy would represent a symbolic blow for the country, which is struggling to end a cycle of recessions. Prime Minister Matteo Renzi is attempting to push through labor and tax reforms to make the Italian economy more competitive.
Photographer: Alessia Pierdomenico/Bloomberg The manufacturer, which uses the colors of the Italian flag in its logo, may follow in...
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Those efforts have already come too late for Fiat Chrysler and CNH Industrial NV, the truck and tractor maker spun off from Fiat in 2011. Both companies have already moved their headquarters to the U.K. from Italy.