We all know that when you buy or sell anything of significant worth, the gummament is not too far away with its hand out asking for its share. It doesn’t care which side it comes from, just as long as someone pays “The Man.” Well, when VW AG decided it was time to buyout the remaining 50.1 percent of Porsche->ke1 and get its former ownership group completely out of the picture, we were talking billions of Euros, €4.5 billion to be exact.

Well, even in Germany, “The Man,” or better yet “Der Mann,” is there in the form of the Baden-Württemberg Finance Ministry asking for his cut of the deal, which would total about €1.5 billion ($1.9 million). This was just about the breaking point of the entire deal, as a part of the buyout was that VW->ke94 pays the tax.

After five months of massaging the numbers, looking at the laws, and manipulating things in ways that would make a business ethics major cringe, VW and Porsche are about to pull off this deal 100 percent tax free. How they pulled this off was simple enough… The only real sticking point was the fact that VW had to find out how to manipulate the deal into a corporate restructuring, as opposed to a sale.

To achieve a restructuring classification instead of a buy-sell classification, VW gave Porsche the €4.5 billion buying price, but included in that price a single voting share of VW stock… Yeah, that’s it. One little piece of paper that says “I can vote on important issues” saved VW €1.5 billion. Gotta love those tax attorneys.

The deal has yet to be approved by state authorities, but sans any omissions or errors, this looks to be a final deal that gives VW the title to Porsche, instead of just a rental contract.

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