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Porsche says it is dealing with tax investigation issues

“A company spokesman said Porsche had “already responded to possibly anticipated tax payments via safety surcharges and lump sum payments.”” writes Midwest Communications Inc for It had handed over all documentation regarding possible tax liabilities for the employees in early retirement, it said.Porsche had further responded to queries over its tax liabilities by launching internal tax compliance measures and processes, aided by external consultants, the statement added.FRANKFURT (Reuters) – Volkswagen’s Porsche unit on Sunday said it was cooperating with state prosecutors to clear up investigations into alleged tax debts related to early retirees and taxable benefits enjoyed by former top executives.

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