India singles out VW in $1.4 billion tax dispute, says Kia corrected course

Indian tax authorities have accused Volkswagen of evading $1.4 billion in taxes by misclassifying car imports for 12 years. The court battle could cost Volkswagen $2.8 billion, including penalties. Kia corrected its classification after a warning. The case highlights concerns over lengthy tax disputes impacting foreign investment. A court decision on Volkswagen's challenge is imminent.

from Auto-Industry-Economic Times https://ift.tt/9LT8d7h