Following the VW emissions scandal, Wolfsburg is worried about financial repercussions. Greece's new top tax inspector faces a tough job to rein in tax evasion. And an OECD tax information agreement aims for greater accountability and justice.
Prosecutors and investigators from tax authorities have raided the offices of several senior officials from German carmaker Volkswagen. The move was part of an effort to scrutinize the firm in a tax evasion probe.
German carmaker Volkswagen has announced it will boost investments in the development of electric cars in the next five years. The company has set out to become a global leader in e-mobility and new-energy vehicles.
A court in Detroit has sentenced the first VW employee in connection with the German carmaker's diesel emissions-cheating scandal. James Liang was handed a 40-month prison term after pleading guilty to conspiracy.
The German car group is offering owners of older diesel cars rebates of up to 10,000 euros when they trade in their vehicle for a new lower-emissions car. VW subsidiaries Audi and Porsche have announced similar plans.
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