Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 billion
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MILAN (Reuters) - Italian tax authorities believe that Fiat Chrysler Automobiles underestimated the value of its U.S. business by 5.1 billion euros following Fiat's phased acquisition of Chrysler, according to a company filing and a source close to the matter.The audit, which concerns transactions dating back to 2014, could result in FCA having to pay back taxes for $1.5 billion, the source added, confirming a report by Bloomberg. FCA said in its third-quarter report that the tax authorities..