Tax-Credit Probe Likely The Least Of VW's Problems
Law360, New York (October 8, 2015, 6:35 PM EDT) -- The Senate Finance Committee on Wednesday launched a probe into whether Volkswagen AG lied to the government in certifying that its cars qualified for fuel efficient vehicle tax credits, but experts said such allegations of fraud are likely to be a minor focus in any U.S. prosecution against the company.
Finance Committee Chairman Orrin G. Hatch, R-Utah, and ranking member Ron Wyden, D-Ore., in a letter to Volkswagen officials said consumers may have claimed more than $50 million in the credits for purchases of Volkswagen cars that are at the center of a scandal involving “defeat devices” the company installed in...
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