Swiss tax and the EU

This article from Free Republic presents yet another example of the great value for its citizens of a business-friendly environment.

In Switzerland, cantonal governments close to voters set their own tax policies. The resulting competition between the more than two dozen cantons fosters a business-friendly environment of low taxes, minimal government interference, and widespread prosperity. That is one important reason why international businesses flock to Switzerland in droves. The Swiss model works so well that even as the EU and its single euro currency face a crisis of monumental proportions and possible economic implosion, Switzerland’s economy is doing just fine. Its GDP per capita is about double the EU’s, while its unemployment rate is around half. The Swiss government also consistently posts budget surpluses as its bloated EU neighbors drown in debt and seek bailouts. In fact, Switzerland is even helping to fund the handouts for profligate European regimes. And its economy is the most competitive in the world, according to the global competitiveness index.

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