Volkswagen’s $1.4 billion India tax tussle rekindles foreign investor fears
India’s demand for back taxes running into a record $1.4 billion from Volkswagen, after 12 years of scrutiny, is reigniting concerns that lengthy investigations and litigation could sour the plans of foreign firms in the fastest-growing major economy. Automakers such as Maruti Suzuki, Hyundai, Honda and Toyota face demands for about $6 billion collectively in … Read more
