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Volkswagen sues Indian govt over $1.4 billion tax demand
Exclusive: Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows
The automaker's India unit told the Mumbai High Court the tax dispute puts at risk its investments of $1.5 billion in the country and is detrimental to the foreign investment climate.
Volkswagen unit sues Indian government over $1.4B tax bill: report
Volkswagen’s unit in India has sued tax authorities in India over an “impossibly enormous” $1.4B tax bill, Reuters reported Sunday, citing court documents. The report said that Skoda Auto Volkswagen India told the High Court in Mumbai the bill contradicts the country’s import taxation rules for auto parts and will affect its business plans.
Volkswagen sues Indian govt over $1.4 billion tax demand | Details
Volkswagen has filed a lawsuit against Indian authorities to challenge a $1.4 billion tax demand, claiming it's inconsistent with import tax rules.
Volkswagen sues India to quash tax demand
Volkswagen has challenged a $1.4 billion tax demand by Indian authorities, arguing it contradicts New Delhi's car part import taxation rules. The dispute jeopardizes Volkswagen's $1.5 billion investments in India.
18h
Putin ally says he leaves for India for 'important' negotiations
Vyacheslav Volodin, the chairman of Russia's State Duma, the lower house of parliament, said on Sunday that he was leaving ...
3h
on MSN
'The perfect batter for his time' - meet India's latest record-breaker
Meet India's latest batting superstar Abhishek Sharma, who struck a record-breaking 135 in their T20 win over England.
6h
India humiliates England with 150-run win in 5th T20 after Abhishek Sharma's six-smashing rampage
Abhishek Sharma smacked England for 13 sixes and a 37-ball hundred before taking two wickets in his only over as India won ...
2d
on MSN
Study finds India doubled its tiger population in a decade and credits conservation efforts
India doubled its tiger population in a little over a decade by protecting the big cats from poaching and habitat loss, ...
2d
on MSN
'Key lessons' for conservation as India's tiger population doubles in a decade
In just over a decade, India has doubled its tiger population to more than 3,600, accounting for 75% of the world's tigers.
1d
India Delivers $12 Billion in Tax Cuts to Spur Economic Growth
India’s finance minister gave middle class consumers 1 trillion rupees ($11.5 billion) in tax relief in her budget Saturday, ...
12h
on MSN
WeWork's India franchisee files for Mumbai IPO
The Indian franchisee of U.S. shared office space manager WeWork has filed for an initial public offering in Mumbai, draft ...
2d
on MSN
Sacred strokes of color on foreheads are a major display of Hinduism at India’s Maha Kumbh festival
A vermilion dot on the forehead is one of India’s most widely accepted Hindu cultural insignias. At the Maha Kumbh festival, ...
1d
on MSN
Hindu nationalists make gains among India’s tribes and spur backlash
Millions of missionaries work in schools, hospitals and other institutions. Their success is deepening divisions.
2d
India Must Protect Its Coasts as Climate Finance Dwindles
India’s vulnerable coasts should become pivotal to the country’s resilience strategy, in the absence of adequate financial ...
4h
England crumble to biggest-ever defeat in T20s as India wrap up 150-run win
India are now celebrating with the trophy after another series win in T20s. The world champions have won 27 of their past 32 matches in this format. For full details on today's thrashing, head over to ...
18h
Billionaire Ambani's Reliance brings Shein back to India after 2020 app ban
Reliance Retail has launched an app in India to sell fashionwear from China's Shein under a licensing deal, almost five years ...
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