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.
Authorities are poised to file charges in connection with the citizenship-by-investment programme, sources say. A meeting between police investigators and the Law Office on Tuesday will examine progress
After two weeks of intense negotiations, COP29 formally closed at 5:31 am AZT, Sunday 24 November 2024. Almost 200 countries and over 90 national leaders gathered in Baku, Azerbaijan, to assess progress
One of Donald Trump’s chief antitrust enforcers unleashed a blistering attack on the European Union’s flagship law that regulates big tech firms, in the latest war of words ahead of the
An intelligence-sharing platform created more than two decades ago to help authorities across the European Union (EU) to combat financial crime across borders has been upgraded this week, infused with