In a relatively small country like Switzerland, there are a variety of tax rates. They are dependent on each canton. However, the OECD minimum tax measure adopted by a referendum in June 2023 could lead to an undesirable tightening of tax competition within the country.
What criteria are important for an investor? Zug, Basel-Stadt, and Zurich remain the most attractive cantons in Switzerland. However, due to the introduction of the OECD minimum tax, there are changes in lower places in the ranking.
In 2015, the digital currency Ethereum was founded here; eight years later, Zug is at the top of the world's best cryptohubs. Singapore, London, Seoul, Dubai, and Abu Dhabi followed.
Switzerland has long been revered as a powerhouse in the world of chocolate. Its reputation as a producer of high-quality chocolates is well established, and it is home to several internationally recognised brands. With a strong domestic market and a thriving export industry, Switzerland has solidified its position as one of the largest chocolate exporters in the world. In this article, we explore the factors that have contributed to the success of Swiss chocolate, from its pioneering history to its commitment to sustainability.
Water is one of the most important raw materials on earth and is essential for our survival. However, with the increasing drought, some difficulties may arise with the water supply. According to the Federal Office for the Environment, Switzerland's water reserves are sufficient. Groundwater supplies 80% of drinking water, while the rest comes from lakes. Despite low conditions, there is still sufficient water in the significant groundwater sources. However, in times of drought, bottlenecks can occur in smaller local groundwater resources and springs. Therefore, calls are often made to conserve water during these periods.
For more than 30 years, the IMD World Competitiveness Centre has conducted research on how nations and enterprises compete to lay the foundations for future prosperity. In the 2023 ranking, Denmark, Ireland, and Switzerland have been named the top three among 64 economies measured for their global competitiveness.
The financial industry in Switzerland employs more than 200,000 people and generates close to 10% of the nation's total employment. It is essential that the whole financial system as well as the clients of the financial market are adequately secured. In Switzerland, this is the responsibility of the Swiss Financial Market Supervisory Authority (FINMA).
We are joining the Fifth Digital Summit Switzerland 2023, taking place in Zurich.

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