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SWITZERLAND PULLS INDIA'S MFN STATUS
The New Indian Express Vellore
|December 14, 2024
In a retaliatory action, Switzerland has withdrawn the Most Favoured Nation (MFN) status granted to India, which will result in higher tax implications for Indian companies operating in the central European country.
The Swiss action came after India's Supreme Court rejected automatic applicability of MFN clause under the bilateral tax treaty in a case related to Swiss firm Nestle. In its order dated December 11, the Swiss government said the Supreme Court's ruling shows Switzerland's int
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