Big news about taxes in India! Volkswagen, a car company, is in a big fight with the Indian government. The government says Volkswagen cheated on its taxes for many years by importing car parts in a sneaky way to pay less. This is a huge problem, with lots of money involved.
- Volkswagen might have to pay $2.8 billion in taxes!
- The government says Volkswagen imported car parts separately to avoid higher taxes.
- Other car companies, like Kia, changed how they import parts after being caught.
- A court in India will decide soon if Volkswagen has to pay.
Company | Possible Tax Bill (USD) |
---|---|
Volkswagen | $2.8 billion |
Kia | $155 million |