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VW: Germany Won’t Demand Tax Payback in Diesel Scandal
Volkswagen AG says it doesn’t expect the Germany government to require it to repay lost tax revenue resulting from the company’s diesel emission cheating scandal.
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Volkswagen AG says it doesn’t expect the Germany government to require it to repay lost tax revenue resulting from the company’s diesel emission cheating scandal.
VW admits it rigged 8.5 million of its diesel models in Europe, including 1.5 million in Germany, to cheat on emission tests. The effect was to qualify many of the cars for lower vehicle taxes in Germany than they should have paid.
Last year the company pledged to make restitutions. But VW tells news media it believes the German government won’t demand payment. The country’s finance minister says only that the amount of tax due can’t be determined until regulators finalize their calculations about the emission error.
KBA, Germany’s transport authority, has been testing diesels made by VW and others for possible infractions for months. The agency to issue releases that permit VW to update affected vehicles on a model-by-model basis.
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