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.
The UK chancellor, Rachel Reeves, in her spring statement in March outlined the government’s plans to introduce further measures designed to close the “tax gap” – the difference
Institutional investors still like to invest in hedge funds but they are less enthusiastic about them right now and holding back allocations to those strategies until next year, according to Preqin’s
The Maltese government refuses to publish information on the unpaid tax dues of Binance, the cryptocurrency exchange company whose founder pled guilty to violating anti-money laundering rules in the
Press Release from BVI Finance, Wednesday 12 February, 2025. STATEMENT BY PREMIER AND MINISTER OF FINANCE HONOURABLE DR. NATALIO D. WHEATLEY FEBRUARY 5TH, 2025 The BVI Government strongly refutes