Switzerland Still Attractive To Multinationals Despite Tax Concerns
Despite a recent warning by Swiss business federation, Economiesuisse that
the country risks being left behind on tax unless it takes a more dynamic approach
to cross-border competition, experts have suggested that the jurisdiction remains
highly competitive as a location for multinational companies. According to the Swissinfo news service, speaking at the "Location Management
Forum" on Wednesday, KPMG Germany chief, Stefan Held suggested that although
tax rates are "an important factor" in choosing where to locate a
business, they are "not the only one". Speaking at the same meeting, director of locational promotion at the Swiss
Economics Ministry, Eric Scheidegger drew attention to the importance for Switzerland
as an international business location of the cantonal system, which allows the
individual regions to compete against each other to attract international business. .
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