In other words, Porsche did not properly report vital tax information to the German government. This amount will be paid to the state of Baden Wuerttemberg where its Stuttgart headquarters is located. Specific details were not provided other than the neglected filings are from 2009 until 2016. German prosecutors confirmed that “the proceedings against Porsche have been legally completed.” A settlement has been agreed upon so there will be no further legal proceedings on the matter.
This is a somewhat unusual situation because it’s a known fact German tax authorities closely monitor the country’s major corporations, including automakers like VW Group, Daimler, and BMW.