February 2022

Agnellis to pay more than $1 billion for Italy tax claims

The billionaire Agnelli family’s companies agreed to pay 949 million euros ($1.08 billion) to settle an investigation by the Italian Tax Agency. Exor SpA, which controls Ferrari and is Stellantis‘ biggest shareholder, agreed to pay 746 million euros for so-called exit tax claims relating to its 2016 merger with its Dutch subsidiary, Exor Holding NV,

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SEC, in legal filing, refutes Elon Musk’s claim that agency is targeting him and Tesla

The U.S. Securities and Exchange Commission denied it’s targeting Tesla Inc. CEO Elon Musk with endless probes, as he claimed in a letter to a judge earlier this week. The SEC reached settlements with Musk and Tesla in September 2018 after suing Musk over his infamous “funding secured” tweets in which he claimed to have

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