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Saturday, 12 September 2009

Clean air and low taxes

Switzerland's reputation for efficiency, stability and traditional values, not to mention its beautiful cities, mountains and lakes, continues to attract an increasing number of foreigners looking for the perfect family environment with the combination of scenic winters and a fantastic climate during the summer, with added cowbell.

Its central location in Europe, favourable tax conditions, stable banking system and political neutrality, blah, blah, blah, make it especially appealing to UK hedge fund managers looking for a safe bolt hole from Gordon Brown's 50% marginal tax rate, likely further NIC increases and possible EU limits on pay for bankers and asset managers.

Which is why the Swiss were in London this week encouraginging high income financiers to move to Zug. Did I mention the 50% tax rate?

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