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A comment on Hundreds of Companies Seen Cutting Tax Bills by Sending Money Through Luxembourg. Parent comment

Re:Hundreds of Companies Seen Cutting Tax Bills by Sending M... by f3llowtraveler on Wednesday November 05, 2014 @11:47PM (#8565825)
In Zug, Switzerland they have an excellent health care system with universal coverage. They also have very nice roads and a high standard of living, and low unemployment. They also have a strong defense based on armed neutrality, which kept them out of both world wars.

The income tax is 2%.

So if you are paying more than that, you are probably getting ripped off.

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Re:Hundreds of Companies Seen Cutting Tax Bills by Sending M... by mikeyouse on Thursday November 06, 2014 @01:38AM (#8566037)
Zug? Really? The town that has more companies than citizens? Something tells me that their city isn't run via personal income tax, something else tells me that their tax policies won't scale globally...

http://www.theguardian.com/business/2008/may/31/taxavoidance...

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Re:Hundreds of Companies Seen Cutting Tax Bills by Sending M... by f3llowtraveler on Thursday November 06, 2014 @07:52AM (#8566756)
You think 60% in taxes scales better than 2%?
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Re:Hundreds of Companies Seen Cutting Tax Bills by Sending M... by sschueller on Thursday November 06, 2014 @02:40AM (#8566130)
Most of those things are inherent to Switzerland not the Kanton.

Zug is very bad example. It has a 2015 deficit of 140 Million almost double of last year, they have to cut deep into their savings [1]. The Kanton is destroying itself and will be forced to raise taxes eventually. [2]

[1] http://www.tagesanzeiger.ch/schweiz/standard/Kanton-Zug-rech...

[2] http://www.tagesanzeiger.ch/schweiz/standard/Warum-Zug-und-S...

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