Multinational companies are moving to the Lake Geneva region for tax reasons.
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Nissan, Yahoo, Chiquita – many multinational companies are moving their European headquarters to Switzerland. Here they pay much lower corporate taxes than in other countries. The international holdings have privileges that not even Swiss firms enjoy. (SF Eco – swissinfo.ch)
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No solution for brass plate firm impasse
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Brass plate firms, along with foreign holding companies based in Switzerland, do not have to pay tax on overseas earnings. The EU argues that this distorts competition and the ongoing row is one reason that bilateral talks have stalled. Market research firm Moneyhouse conservatively estimates that some 30,000 brass plate firms are located in Switzerland,…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.