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Ferrari 'fleeing' Italy prompts debate on losing country's icons

2014-12-11 19:01:27| Industrial Machines - Topix.net

The possibility of shifting its tax residence from the iconic Maranello headquarters, where its first sports cars were built in 1947, is generating a debate in Italy about the risk of losing the country's most famous brands as the economy struggles to emerge from its longest recession. Bloomberg reported on Wednesday that Ferrari is considering moving its fiscal residence outside Italy to save on corporate taxes, according to people familiar with the matter.

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