{
Ajay Srivastava

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Switzerland revokes MFN status for India following Supreme Court ruling on Nestle

Switzerland has revoked the most-favoured-nation status for India under their double tax avoidance agreement, following a 2023 Supreme Court ruling regarding Nestle. Starting January 1, 2025, the tax rate on dividends will increase from 5% to 10%, impacting Indian companies' competitiveness. Experts warn that other nations may adopt similar measures, citing concerns over reciprocity in tax treatment.
article
United States Dollar Swiss Franc Indian Rupee Nestlé S.A. CHE LTU IND COL Amit Maheshwari Ajay Srivastava Show more
Regulatory & Legal, News Article
00:38 14.12.2024

Switzerland revokes MFN status for India following Supreme Court ruling

Switzerland has revoked the most-favoured-nation status for India under their double tax avoidance agreement, following a 2023 Supreme Court ruling regarding Nestle. Starting January 1, 2025, the tax rate on dividends will increase from 5% to 10%, impacting Indian companies operating in Switzerland. This decision may lead to similar actions from other countries, as it highlights concerns over reciprocity in tax treatment.
article
United States Dollar Swiss Franc Indian Rupee Nestlé S.A. IND Amit Maheshwari Ajay Srivastava Show more
Regulatory & Legal, News Article
19:36 13.12.2024

Trump's tariff threat to BRICS seen as unrealistic by experts

Donald Trump's warning to BRICS nations about imposing 100% tariffs for moving away from the US dollar is deemed unrealistic by the Global Trade Research Initiative (GTRI). They suggest India should prioritize developing a local currency trading system rather than adopting a BRICS currency, emphasizing the need for a transparent financial infrastructure to navigate global trade dynamics effectively.
Moneycontrol
Euro Japanese Yen United States Dollar Apple Inc. IND Ajay Srivastava Donald Trump
Finance & Economy, News Article
13:18 01.12.2024
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