Volkswagen AG’s Porsche sportscar unit is under investigation by the Stuttgart tax office over the way it accounted for marketing and catering expenses during the past 8 years, people familiar with the matter told Bloomberg. The expenses amount to as much as 1 billion euros ($1.2 billion), but the financial hit for the company will be significantly smaller, said the people, who asked not to be identified as the matter is confidential. Porsche has already paid a substantial amount since the probe started last year and may have to make another payment close to 100 million euros, according to the people.
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