News for hackers. Stuff that matters.
Re:Italy’s teetering banks will be Europe’s next crisis by vidarh on Monday July 11, 2016 @05:00AM (#12069775)
More realistically it is because average income in Switzerland is about 2.5 times as high as in Italy. A 16% tax rate across the board in Switzerland is comparable to an across the board 40% tax rate in Italy, which is relatively in line with the actual tax rates in Italy, especially when considering that an overall poorer population may also result in substantially higher welfare costs.

There are no comments on this comment yet.