FCA denies plans to transfer Ferrari tax residence abroad

(AGI) Rome, Dec 11 - Ferrari has no intention of moving its taxresidence abroad, announced Fiat Chrysler Automobiles (FCA)."The press has reported rumours that Ferrari SpA is consideringthe transfer of its tax residence abroad. These areunsubstantiated rumours," the group continued. This is because"there is no plan or intention to transfer the tax residence ofFerrari SpA abroad, nor is there any plan to delocalise itsItalian activities, which will continue to be subject toItalian taxation". (AGI) . .