Pay your damn bills corporations...
this post was submitted on 02 Feb 2025
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One simple trick can save your company billions.
Volkswagen argues it is not liable to pay higher taxes as it did not import car parts together as a single "kit", but instead shipped them separately, combining them with some local components to make a car.
Common tactic car manufacturers also use in the US to get around tariffs and taxes.
This, the Indian authorities said, was "a ploy to clear the goods without the payment of the applicable duty."
The Federal government should do this in the US.
The tax notice "deals a body blow" to the much-advertised "policy of ease of doing business in India for foreign investors," the company said.
India has always been difficult for western corporations to do business there. However, western corporations are also notorious for exploiting every rule and regulation they are able to for profit, with complete disregard to the consequence for the rest of society.
The economy of India has drastically change with their current government and is more encouraging to bring foreign corporations to start companies in India, I curious on the outcome of this conflict. I suspect Volkswagen might have a partial win in Indian courts, where they only have to pay some additional taxes, but not the full amount ask by the Indian government.
Volkswagen used slave labor from concentration camps during the Holocaust. Volkswagen shouldn't even exist anymore.