India defends 1.2B dollar tax demand against VW
India defended its record 1.2 billion dollar tax demand against Volkswagen in a Mumbai court. Volkswagen argued the demand came years too late, while India claimed the carmaker failed to provide required information.
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India defended a record $1.2B tax demand against VOLKSWAGEN AG in a Mumbai court on Thursday morning. The case threatens the carmaker's local operations as it negotiates a stake sale. The legal battle highlights ongoing regulatory friction for foreign firms operating in the country.
