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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.

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