India’s government told a court in Mumbai that agreeing to Volkswagen’s (VWAGY) demand to remove a $1.4B tax bill would have “catastrophic consequences,” Arpan Chaturvedi and Aditya Kalra of Reuters reports, citing court documents. Additionally, India’s government believes the decision would encourage companies to withhold information and delay inquiries, according to the documents reviewed by Reuters. Meanwhile, Volkswagen has described the case as a “matter of life and death” for its India business.
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