Volkswagen’s $1.4bn tax bill in India

Volkswagen’s $1.4bn tax bill in India

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India: quashing Volkswagen’s tax bill would be ‘catastrophic’

Indian officials said agreeing to quash the US$1.4 billion tax bill would encourage companies to withhold information and delay inquiries.

Ten years after the break-up of the Dieselgate scandal, Volkswagen could face a first trial in France. The Paris Public Prosecutor's Office demanded that the German firm be returned to the correctional court for deceit "posing a danger to the health of man or animal". This offence could be punishable by a fine of up to 375,000 euros or 10% of its turnover. Dieselgate: reminder of the facts The case concerns the period from 2009 to 2016 and conce…

The Dieselgate scandal is far from over for Volkswagen. Indeed, in France, the German manufacturer could soon end up in court for "trompery". Here is what we know. Dieselgate: Volkswagen is not done with the justice system On 24 February, according to the AFP, the public health department of the Paris Public Prosecutor's Office requested the referral to the Volkswagen Correctional Court for "trompery" in the Dieselgate scandal. An offence that i…

India Rejects Volkswagen's Plea to Quash $1.4 Billion Tax Demand

India’s government has urged a Mumbai court to reject Volkswagen’s request to quash a $1.4 billion tax bill, warning of “catastrophic consequences” if the automaker’s argument is accepted. The case, stemming from a 12-year review of Volkswagen’s imports, has raised concerns among foreign investors about prolonged investigations. Volkswagen, which describes the dispute as a “matter of life and death” for its India business, is accused of misclass…

Volkswagen's $1.4 Billion Tax Bill, India Says 'No' To Volkswagen Demands. A Roadblock For Volkswagen In India?

Volkswagen has hit a hurdle in India at a time when the German auto giant is already dealing with a multitude of challenges globally, ranging from slumping sales, aggressive Chinese competition, and labor disputes to potential Trump tariffs on its Mexico operations,  The company’s local subsidiary, Skoda Auto Volkswagen India, is fighting out a tax …