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Switzerland Revokes India’s MFN Status Amid Nestle Tax Dispute | Business

Switzerland Revokes India’s MFN Status Amid Nestle Tax Dispute | Business

In a significant economic development, Switzerland has announced the withdrawal of the Most Favoured Nation (MFN) status it had granted to India. This follows a legal ruling by the Indian Supreme Court against Switzerland-based multinational Nestle, triggering adverse tax implications for Indian businesses. Effective January 1, 2025, Indian companies operating in Switzerland will...