India singles out VW in $1.4 billion tax dispute, says Kia corrected course
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Indian tax authorities have accused Volkswagen of wrongly classifying car imports to evade $1.4 billion in taxes over 12 years. Kia, a rival automaker, corrected its practices after being warned.
February 26, 2025 | 9:30 am
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Volkswagen is facing a $1.4 billion tax dispute in India for allegedly misclassifying car imports over 12 years. This legal issue could impact its financials and reputation.
The tax dispute involves a significant amount ($1.4 billion) and could affect Volkswagen's financials and market perception. Legal issues of this magnitude often lead to stock price volatility.
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