India, Volkswagen and Skoda
NewsX · 2d
Volkswagen India ‘Msclassified Imports’; Faces $1.4 Bn Tax Evasion Notice
India has issued a $1.4 billion tax evasion notice to Volkswagen, accusing the company of misclassifying imports to avoid higher taxes on components for Audi, VW, and Skoda cars. The automaker faces potential penalties that could double the amount owed.
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