AMSTERDAM (Reuters) - Alan Jope, the chief executive of Unilever ULVR.LUNc.AS, said on Monday the company would press on with plans to unify despite a Dutch opposition party proposal calling for an "exit tax" on the firm if it moves to a single British parent company and headquarters as planned.
At a meeting at which holders of the company’s Dutch shares are expected to approve unification, Jope repeated the tax proposal is at an early stage and Unilever believes it would violate international law.
However, he said the company could always cancel the merger up to the moment of a high court approval hearing if the law were to be passed.
Unilever says the tax could cost it up to 11 billion euros and would be a reason to stop the unification.
Reporting by Toby Sterling; editing by Jason Neely
"Exit" - Google News
September 21, 2020 at 03:57PM
https://ift.tt/35V7Vbq
Unilever pressing on with unification despite Dutch 'exit tax' proposal - CEO - Reuters UK
"Exit" - Google News
https://ift.tt/2zNkU0N
https://ift.tt/2YrnuUx
Bagikan Berita Ini
Related Posts :
3.7 million Americans set to lose unemployment benefits early as 25 states exit federal programs - CNBC- Israeli opposition parties strike coalition deal, paving the way for Netanyahu's exit - CNN
- 'Win or go home': LeBron, Lakers on brink of first-round exit after loss to Suns - The Athletic
- Mike Krzyzewski gets to go out on his terms, but Duke exit not surprising given game's changing landscape - CBS Sports
- Concerts return to EXIT/IN tonight - WSMV Nashville
0 Response to "Unilever pressing on with unification despite Dutch 'exit tax' proposal - CEO - Reuters UK"
Post a Comment