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Switzerland suspends most favoured nation status to India, cites Nestle verdict – Times of India

The Swiss authorities have suspended the most favoured nation status (MFN) provision in the Double Taxation Avoidance Agreement (DTAA) with India, which could affect Swiss investments in India and raise taxes for Indian firms operating in Switzerland. A December 11 statement from the Swiss finance department indicates this decision follows an Indian Supreme Court ruling […]

Gibo cites ‘increasing demand’ from China for PH to give up WPS claims

Defense Sec. Gilberto “Gibo” Teodoro Jr.—Senate PRIB MANILA, Philippines — There is an “increasing demand by Beijing” for Manila to give up its claims in the heavily disputed South China Sea despite the 2016 arbitral ruling that invalidated its sweeping claims in the strategic waterway, Defense Secretary Gilberto “Gibo” Teodoro Jr. said on Tuesday. “What […]