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Business Week reports that Peter Brabeck-Letmathe, the chairman of Nestle SA, said last week that there are a number of countries around the world and even in Europe that have tax laws that are more lenient and advantageous than those of Switzerland, the longtime home of the CPG company.

According to the story, “Switzerland has managed to attract numerous international companies by only taxing earnings made inside the country and offering tax breaks for high-flying foreigners who relocate there. But that advantage is slowing eroding as other European nations such as the Netherlands, Belgium, Britain and France offer similar deals to lure big companies to their shores.”

The statement is not seen as the precursor of a move by Switzerland’s biggest public company, but rather a warning that a growing anti-corporate environment in Switzerland could have long-term implications.
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