Switzerland suspends ‘Most Favoured Nation’ standing to India over Nestle verdict
Picture Supply : AP (FILE) Switzerland revokes India’s ‘Most Pleasant Nation’ standing over Nestle verdict. The federal government of Switzerland has suspended essentially the most favoured nation (MFN) standing clause within the Double Taxation Avoidance Settlement (DTAA) between India and Switzerland, doubtlessly impacting Swiss investments in India and resulting in increased taxes on Indian firms…