Indian Court to Re-hear Volkswagen Tax Case
An Indian court will re-hear Volkswagen's challenge to a 1.4 billion dollar tax demand over alleged import undervaluation. The unexpected decision prolongs a major dispute and creates uncertainty for the carmaker's operations in the country.
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VOLKSWAGEN AG faces a court re-hearing in India over a $1.4 billion tax demand regarding alleged auto import undervaluation. The Mumbai high court decision prolongs one of the country's most contentious tax disputes. The case creates an overhang for the German carmaker amid ongoing local partnership talks.
