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Commodities Briefing - Categorized | Financial, Trading more

Commod traders tax breaks end: Geneva

Posted on 19 October 2012

Geneva plans to eliminate tax breaks for commodity trading houses by 2018, bowing to European Union (EU) pressure at the risk of helping drive away businesses which account for a big part of its financial sector.
Switzerland has come under pressure from the EU to end so-called fiscal holidays, including those which Geneva offers to major trading firms such as Vitol, Mercuria and Gunvor………………………………………..Full Article: Source


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