“The Swiss fiscal policy has infuriated Brussels, as the European Union sees businesses fleeing EU countries to the tax haven of Switzerland. According to Swiss laws, foreign firms which set up in the country pay €51 billions ($66 billion) less in taxes per year than Swiss companies, said a Swiss television report. Setting an ultimatum, Brussels has given Switzerland until December 13th, when a European summit is held, to present a programme aimed at dismantling such privileges which are judged discriminatory and anti-competitive.”
http://www.thelocal.ch/page/view/more-greek-firms-eye-low-tax-switzerland
Related posts:
Massachusetts prodded by feds on REAL ID with security restrictions
Iron Ore Slumps to Lowest Since at Least 2009 in China
Kenyan slums dispense clean drinking water through ATMs
Bernanke says Fed stimulus benefits clear, budget cuts a risk
Millions affected after cyber attack on HSBC
US fast-food workers strike over low wages in nationwide protests
Georgia prepares to execute mentally disabled prisoner under secrecy law
Western Investors Cash in on Chinese Surveillance Program Targeting Muslims For 'Re-Education'
First major hemp crop in 60 years is planted in southeast Colorado
Retired EPA attorney leads the opposition to 'smart meters' in Maryland
Google announces experimental superfast Internet service to be installed in Austin, Texas
Paid via Payroll Cards, Workers Feel Sting of Fees
A ‘disposition matrix’ system is now generating Obama’s secret kill list
A Flourishing $40 Million Medical Marijuana Industry Helps Israelis Forget
Don't imprison this cancer patient