Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows
- Volkswagen has filed a lawsuit against Indian authorities to challenge a $1.4 billion tax demand, claiming it contradicts New Delhi's import taxation rules for car parts and threatens its business plans in India.
- The tax dispute involves allegations that Volkswagen misclassified imported car parts to evade higher duties, which could lead to a total payment of $2.8 billion if the company loses the case.
- Volkswagen argues that its import model was transparent and compliant with regulations, stating it kept the Indian government informed about its part-by-part import strategy since 2011.
- The High Court in Mumbai is set to begin hearings on the case on February 5, with Volkswagen emphasizing that the tax notice undermines foreign investor confidence in India's business environment.
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Total News Sources0
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
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