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Switzerland Ends India’s ‘Most Favoured Nation’ Status Amid Nestle Tax Dispute

Switzerland Ends India’s ‘Most Favoured Nation’ Status Amid Nestle Tax Dispute

Switzerland withdrew the ‘Most Favoured Nation’ status granted to India, a 30-year old double taxation agreement between the two countries, in a move that would result in Indian entities operating in the European nation to pay higher taxes from January. The decision followed an adverse court ruling against Nestle. The suspension of the MFN clause...