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...
Tag: Swiss Confederation
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Switzerland’s Nuclear Shelters: A Fortress Amid Global Uncertainty | Headlines
Switzerland is taking significant steps to update its network of aging nuclear shelters, which have become increasingly important amid global instability, particularly following Russia’s invasion of Ukraine. The nation, ahead of its European neighbors like Germany due to a 1963 law, guarantees every one of its nine million residents, including foreigners and refugees, a...