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India warns overturning Volkswagen's $1.4 billion tax bill could lead to catastrophic consequences for corporate transparency.
India's government warns that overturning Volkswagen's $1.4 billion tax bill could have "catastrophic consequences," potentially leading companies to withhold information.
The tax bill stems from a 12-year review of import duties.
Volkswagen disputes the claim and argues the delays were due to the tax authority's inaction.
If found guilty, Volkswagen could face a total bill of $2.8 billion, including penalties.
The case is under review in court and highlights ongoing concerns about lengthy tax investigations in India.
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India advierte que revocar el proyecto de ley fiscal de Volkswagen de $1.4 mil millones podría llevar a consecuencias catastróficas para la transparencia corporativa.