Showing posts with label Zug. Show all posts
Showing posts with label Zug. Show all posts

Monday, August 29, 2011

Tax Haven's Tax Haven Pays a Price for Success



The Wall Street Journal
By DEBORAH BALL
ZUG, Switzerland—Developed nations from Japan to America are desperate for growth, but this tiny lake-filled Swiss canton is wrestling with a different problem: too much of it.
Zug's history of rock-bottom tax rates, for individuals and corporations alike, has brought it an A-list of multinational businesses. Luxury shops abound, government coffers are flush, and there are so many jobs that employers sometimes have a hard time finding people to fill them.