The business pages are reporting that Chrysler will be fully owned by Fiat after that Italian company buys up remaining shares.
I don’t know what this means about the long-term viability of Chrysler, but we can say with great confidence that the company will be better off now that the parent company is headquartered outside the United States.
This is because Chrysler presumably no longer will be obliged to pay an extra layer of tax to the IRS on any foreign-source income.
Italy, unlike the United States, has a territorial tax system. This means companies are taxed only on income earned in Italy but there’s no effort to impose tax on income earned – and already subject to tax – in other nations.
Under America’s worldwide tax regime, by contrast, U.S.-domiciled companies must pay all applicable foreign taxes when earning money outside the United States – and then also…
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Utopia, you are standing in it! 
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