thedailybell.com / By Staff Report / February 5, 2013
Cantons begin to see downside of low tax rates … For years they fought to offer the lowest tax rates but now some cantons in central Switzerland are questioning the wisdom of this rampant tax competition as the population boom that came with it weighs more heavily on local resources. The paradise that is central Switzerland is as much natural as it is fiscal: glassy lakes, snowy peaks, untouched natural beauty, and a state – cantonal – that only moderately taps individual income or business profits. These attributes cause foreign taxpayers to arrive in droves and the European Union to grumble that Switzerland as a whole is a tax haven. But now both Brussels and the cantons are suffering from the effects of this competition that saw the cantons, particularly in the 2000s, practically fall over themselves to outdo each other on lowering taxes, and the discontent is bubbling to the surface. Christian Democrat member of Schwyz cantonal government Othmar Reichmuth gave voice to the rising discontent late last year when in the local press he effectively posed the question: “What do we really want?” – SwissInfo
Dominant Social Theme: We need more taxes to create a truly human society.
Free-Market Analysis: We read in SwissInfo that Swiss officials are coming under pressure to raises taxes. Switzerland is one of the world’s last remaining functional republics, with power truly flowing from the bottom up in many cases. But over the past decade, every part of Switzerland’s demos has come under attack from a controlling power elite that needs to bring Switzerland in line with the rest of Europe.
Now Switzerland’s low tax structure is being targeted. This is because top Western elites want the Swiss government to be engorged by money. The more money government has, the more power is exercised by the power elite that stands behind governments worldwide and controls their actions secretly via mercantilism.
Recent Comments