💨 Abstract

India is demanding $1.4 billion in back taxes from Volkswagen, following a 12-year investigation, causing concern among foreign companies that lengthy investigations and litigation could deter investment in the country. Automakers such as Maruti Suzuki, Hyundai, Honda, and Toyota face demands for around $6 billion collectively in disputes on income tax, customs, and other payments.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖