20 sats \ 25 replies \ @TomK OP 30 Jul \ parent \ on: Texas Manufacturing Slump Deepens in July econ
And France, no.2 on the eurozone, is catching up real fast
Why is it that Switzerland always seems to never go bankrupt?
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Switzerland is doing everything it can to remain an attractive location for capital. to this day, they defend a relatively stable banking secrecy, they have their own currency, they rely on direct democracy and a free market economy wherever possible: all in all, they are a veritable capital heaven compared to the European Union that surrounds them.
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I see.
Is their banking really secret anymore?
I know for a fact the US government has snooped a few times.
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basically, hardly any banking secrecy protects itself from the americans. it was mainly about keeping the europeans at bay. But slowly but surely this front is also eroding. But Switzerland is still a preferred location for capital, because things are getting much worse in the eurozone
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basically, hardly any banking secrecy protects itself from the americans. it was mainly about keeping the europeans at bay. But slowly but surely this front is also eroding. But Switzerland is still a preferred location for capital, because things are getting much worse in the eurozone
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They dont use the euro?
They use their own currency still?
Why dont more companies move their headquarters there?
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The movement is in full swing. More companies are coming. Switzerland also offers a huge tax advantage for individuals as well as companies
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Even more interesting.
Are there any consequences for companies moving?
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There is a rather complex customs and billing system for trade between the European Union and Switzerland, which continues to deter many companies.