India singles out VW in $1.4 billion tax dispute, says Kia corrected course
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2025
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Source: Reuters
Volkswagen's Tax Evasion Allegations: Indian tax authorities have accused Volkswagen of misclassifying car imports for 12 years to evade $1.4 billion in taxes, potentially facing a total liability of $2.8 billion if found guilty.
Comparison with Other Automakers: While Volkswagen is under scrutiny, other automakers like Kia have corrected their import practices after being warned, highlighting the ongoing legal and regulatory challenges in India's automotive sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
