- Fazer is concerned about the Finnish Government’s proposal to increase VAT on confectionery products
- The proposal would treat confectionery products differently from other foodstuffs, potentially leading to competition distortion
- Fazer is puzzled by the proposal to bring a single category of indulgence products under a higher tax rate
- The company is unsure how the proposal will affect their business and investment decisions
- The proposal may not comply with EU law and could lead to conflicts with the EU principle of VAT neutrality
- Fazer previously had a confectionery tax in Finland from 2011 to 2017, which was abolished due to EU state aid rules
- Fazer is focused on creating sustainable food solutions and providing the best food experiences for consumers.
Source: news.cision.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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