Bloomberg Switzerland shot down the government’s plan to reform corporate taxation, a decision that risks hurting its appeal as a place for multinational companies. After opponents said the reform was a series of “complicated tax tricks,” voters opposed it by 60 percent to 40 percent, according to projections on broadcaster SRF. Polls had suggested the electorate was evenly split ...

  Bloomberg Coke is trying to slim down its business, not just its sodas. The Atlanta-based company said its profit fell 55 percent as global sales volume dipped and it booked charges related to getting out of the manufacturing and distribution of its drinks. Coca-Cola Co. has been selling those operations back to independent bottlers around the country and plans ...

  Bloomberg Large private companies should have to meet the same corporate governance and reporting requirements that apply to publicly traded firms, a panel of lawmakers recommended, citing the collapse of the department-store chain BHS Group Ltd. BHS, formerly known as British Home Stores, went out of business in April 2016 with a pension deficit of at least 570 million ...