Interesting article about Zug in WSJ

timpy · #1 29.08.2011, 16:34

It kind of says thats the place is a tax haven and is victim of its own success.

http://online.wsj.com/article/SB1000...toWhatsNewsTop

I lot of it is true but I don't agree to some of the exaggeration like comparing the wealth disparity between Namibia and Zug. That is ridiculous. At the same time article compares the EU zone's unemployment of 9.6% to 1.9% in Zug. Also interesting to note that people with less than 100K 7 annum get 500 PM for the mortgage payment if bought a dwelling...

It might generally be true for Switzerland as a country??

Interesting..

RetiredInNH · #2 29.08.2011, 17:29

Loved this:

	Quote:
	"if you make 300,000 or 400,000 francs, you struggle" in Zug, said Kilian Borter, a public-relations executive, referring to incomes that equal $380,000 to $490,000. Living in Zug "maybe starts to make sense starting at about a half a million" francs a year in income, he said.

A justification for the "Can I live on CHF 250,000 a year" posts