Fazer Concerned over Sweets VAT Increase: Competition Distortion and EU Neutrality Conflict
Fazer is expressing concern over the government’s decision to increase the VAT rate on sweets, which will impact delicacy products differently from other food items. This change is seen as distorting competition in the market and conflicting with the EU’s principle of neutrality. Group CEO Christoph Vitzthum stated in a press release that Fazer is uncertain about how this decision will affect their business and potential investments, such as a new chocolate factory in Lahti.
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