3D·

Volkswagen
$VOW (+2,44%) was notified by the Indian government of tax evasion amounting to 1.4 billion US dollars.

VW had in the past imported complete cars in a disassembled state - which would have incurred a tax of 30-35 % but by incorrectly declaring these imports as individual parts paid taxes of only 5-15%. 5-15% by misdeclaring these imports as individual parts and thus avoided the tax.

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3 Comentários

It's going to be a wild ride for Volkswagen...
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I wonder why the share price is still holding up so well...
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From tomorrow there will be nationwide strikes and they will also cost a bit of money...
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