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20 sats \ 20 replies \ @TomK OP 30 Jul \ parent \ on: Texas Manufacturing Slump Deepens in July econ
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
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.
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Also, I never hear of Austria having money problems?
Are they always on the up and up?
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Austria is like a slightly more conservative version of German politics and economics.
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They dont have any energy problems?
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no, Austria, for example, continues to import Russian gas without any problems. it has not stepped onto the slippery slope on which Germany has fallen.