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switzerland withdraws mfN status amid india switzerland trade agreement negotiations

Switzerland has withdrawn the 'most favoured nation' status from India under the Double Taxation Avoidance Agreement, following a Supreme Court ruling that imposed a higher tax rate on Nestle. This move raises concerns about the credibility of India's commitments to foreign investors, especially as the Trade and Economic Partnership Agreement with EFTA is set for ratification. Indian officials suggest that the TEPA may take precedence over the DTAA, indicating potential renegotiations ahead.
fortuneindia.com
United States Dollar Indian Rupee Euro Nestle SA IND NOR CHE ISL LIE Randhir Jaiswal Ashwani Mahajan Show more
Regulatory & Legal, News Article
07:37 15.12.2024
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