💨 Abstract

Volkswagen has filed a lawsuit against Indian authorities over a $1.4 billion tax demand, arguing that the demand contradicts import taxation rules for car parts and threatens the company's business plans. The tax dispute, which involves Volkswagen's strategy of breaking down imports of some cars into many individual parts to pay a lower duty, could jeopardize the company's $1.5 billion investments in India and harm the foreign investment climate.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖