‘Irresponsible’: Dutch Legal Advisor Criticises Plan for Unilever ‘Exit Tax’ | Investing News

AMSTERDAM (Reuters) – A top Dutch legal body said on Friday that it was probably not “legally sustainable” to levy a one-time tax on Unilever over its plan to unify management in a single London headquarters.

The bill by the opposition Green Left party for an “exit tax” is one of the few remaining hurdles for Unilever as it simplifies its Anglo-Dutch structure. British shareholders are due to vote on the move on Monday.

Unilever has said the tax would cost it 11 billion euros ($13 billion) if enacted, enough to derail unification.

The Dutch Council of State, which advises parliament on the legality of bills, said on Friday the proposed tax would violate basic principles of the rule of law.

If enacted, “the chance that this proposal will turn out to be not legally sustainable is so great that (we) consider introducing it irresponsible,” the Council said in its

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