Thursday, March 12, 2009

Corporations head to low-tax Switzerland; Escape Obama's tax-seeking administration...

* Companies seek Swiss domiciles despite tax row

* U.S. political climate may be helping

* Appeal as corporate location may outlast offshore dispute

By Sam Cage

ZUG, Switzerland, March 12 (Reuters) - The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom.

Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration.....



No comments: