Anglo-Dutch consumer goods company Unilever said in a filing on Monday that a plan to unify its headquarters in London and scrap its Dutch base might not go ahead - if a law enacting an 'exit tax' in the Netherlands is enacted.
) said in a filing on Monday that a plan to unify its headquarters in London and scrap its Dutch base might not go ahead - if a law enacting an “exit tax” in the Netherlands is enacted.
Unilever said the law, if passed, would mean it needs to pay 11 billion euros to the Dutch government. The Netherlands’ Council of State is considering the proposed law and will give an advisory opinion as to whether it is legal. It has not set a date for its decision.“Nevertheless, if the bill were enacted in its present form, the boards believe that proceeding with unification, if it resulted in an exit tax charge of some 11 billion euros, would not be in the best interests of Unilever,” it said.
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