Switzerland Pulls MFN Status: What Does It Mean? New Delhi: The Swiss government suspended India’s “Most Favoured Nation” status earlier this week, which would have significant trade implications for both countries. The suspension of the MFN clause from the Double Taxation Avoidance Agreement (DTAA) will likely impact Swiss investment in India and increase the tax...
Tag: Nestle Case
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Switzerland Revokes India’s ‘Most Favoured Nation’ Status Over Nestle Verdict
New Delhi: Switzerland has taken a unilateral stand after the Supreme Court of India’s ruling in the Nestle case. It has revoked the ‘Most Favoured Nation’ or MFN status accorded to India under the Double Taxation Avoidance Agreement or DTAA treaty. Switzerland’s move marks a significant shift in bilateral treaty dynamics and will result in...