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Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows - TL;DR CNBC

Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows

Publishing timestamp: 2025-02-02 11:22:59


Summary

Volkswagen has sued Indian authorities to quash a $1.4 billion tax demand, arguing that it is contradictory to import taxation rules for car parts and will hamper the company's business plans. The tax dispute puts at risk Volkswagen's investments in India and is detrimental to the foreign investment climate. The case is set to be heard in the High Court in Mumbai on Feb. 5.


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Keywords: mercedes-benz group agautosvolkswagen agbusiness newstesla incindianew delhimercedes benz group ag

Source: https://www.cnbc.com/2025/02/02/volkswagen-sues-india-to-quash-enormous-1point4-billion-tax-demand-legal-filing-shows.html


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