Another corporate investor in deep shit in india.

[syed putra]

Volkswagen sues India to quash ‘enormous’ US$1.4bil tax demand​

Reuters
-02 Feb 2025, 03:54 PM

Skoda Auto Volkswagen India argues in a court filing that the bill puts its national investments of US$1.5 billion at risk.​

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The German car maker Volkswagen’s main manufacturing plant in Wolfsburg is seen on a misty morning in January 2025. (EPA Images pic)


NEW DELHI: Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of US$1.4 billion, arguing the ask is contradictory to New Delhi’s import taxation rules for car parts and will hamper the company’s business plans, court papers show.


Volkswagen’s unit, Skoda Auto Volkswagen India, also told the High Court in Mumbai the tax dispute puts at risk its investments of US$1.5 billion in India, and is detrimental to the foreign investment climate, according to the 105-page filing which is not public but was reviewed by Reuters.

 

[A Singaporean]

Once again you can never trust snakes. Temasek will soon learn the same.

 

[syed putra]

Anyone that threatens the Indian conglomerate in India will get their arse kicked.

 

[Hypocrite-The]

'investing' in shitskin land is akin to shooting ones on head...I wonder how Tummy sick investments are going in shitskin land?

 

[Rogue Trader]

Haha

Typical ah neh snake pit. Once foreign companies go in and become profitable, the government will introduce new laws to increase tax or capital investment.

Only dumbfuck PAP wants to play with scam artists

 

[searcher1]

They think by having a India-born CEO will work wonders & their Govt will overlook everything.

 

[KingFook Sr]

Once again you can never trust snakes. Temasek will soon learn the same.

Too late.
With a ceca president and Ceca-controlled PAP, SG will lose $billions.
Too late.