Thursday, March 12, 2009

Corporate oil booms in low-tax Switzerland

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.

Just goes to show you how when taxes are raised, you get less tax revenue…  In this case billions and billions of dollars.  Another Socialist anti-business anti-jobs fiasco.  As corporations move out of the US they take their jobs and prosperity with them.




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