Fazer, a leading food company, is expressing concerns about the government’s decision to increase the VAT rate on sweets while keeping other food items at a lower rate. CEO Christoph Vitzthum stated in a press release that this move will negatively impact competition in the delicacy products market and goes against the EU’s neutrality principle. The company believes that this decision will have a negative impact on their business and potential investments such as the construction of a new chocolate factory in Lahti.
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