“Companies searching out tax havens is nothing new. In the 80s and 90s, there was an exodus to Bermuda and the Cayman Islands, where there are no taxes at all. When President Obama threatened to clamp down on tax dodging, many companies decided to leave the Caribbean, but instead of coming back home, they went to safer havens like a small, quaint medieval town in Switzerland called Zug. Hans Marti, who heads Zug’s economic development office, showed off the nearby snow-covered mountains. But Zug’s main selling point isn’t a view of the Alps: he told Lesley Stahl the taxes are somewhere between 15 and 16 percent.”
Related posts:
UK Bitcoin dealers seek official regulation for digital tokens
Dissident blogger allowed to leave Cuba on tour
Anonymous hacking attack lands British rock guitarist in jail
Chinese loan to Argentina was expected in November
Edward Snowden: 'The people are still powerless, but now they're aware'
Is your bond fund invested in Puerto Rico?
New cameras to watch cameras that watch you
Record-High 42% of Americans Identify as Independents
Investigation to record victims of US drone attacks in Pakistan
John Kerry urges Syria attack based on blood and hair samples
Crisis Hits German Luxury Carmakers
White House faces high bar on Syria after Bush Administration’s Iraq lies
Lawsuit: Multi-state voter registration database exposed partial SSNs
Clearstream to Give Direct Access to Local Russian Stocks
Colonial flags fly in Hong Kong as anger grows over Chinese rule