The Financial Times and other outlets are reporting that Unilever could have to reverse its decision to relocate from Rotterdam to the UK if a political intitiative calling for the introduction of an exit tax in the Netherlands succeds.
Dubbed the “Hotel California” tax law, it would make Unilever liable for an €11bn exit penalty if it proceeds with its plan to establish a single legal entity in the UK.
The legality of the proposal is now awaiting legal opinion.
