The South Korean carmaker is facing charges similar to those slapped on Volkswagen for missclassifying imports of parts for its Carnival minivan.
Kia has been accused by Indian authorities of evading taxes to the tune of $155 million by misclassifying component imports, according to Reuters. Tax officials sent a notice to the South Korean maker in April 2024, but the company denies any wrongdoing.
In a similar case, Volkswagen in September last year was slapped with a $1.4 billion tax notice because the company allegedly imported “almost the entire car” in unassembled condition and misclassified the components as individual parts.
In January, Greenpeace activists sent a clear message at the World Economic Forum in Davos, Switzerland: #TaxTheSuperRich to fund a green and just future. They blocked the entrance to a heliport, infiltrated
U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities.The Federal Reserve said
Press Release from Guernsey Finance, Monday 29 January, 2024. The contribution that Guernsey’s finance sector makes to the UK economy has been highlighted in research conducted by Frontier Economics
In July 2024, Ukraine’s Ministry of Finance raised UAH 38 billion through government bond issuance, comprising UAH 26.4 billion and USD 285.7 million. Of the total, UAH 35.5 billion were military