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Old 28.10.2010, 11:08
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Low-tax Switzerland (News Article)

http://www.bbc.co.uk/news/business-11618922

The picturesque village of Pfaffikon looks out onto Alpine mountains.
Thirty minutes from Zurich and dotted with traditional dairy farms, it might seem an unlikely location for some of Britain's biggest hedge funds.

The village now has over US$100bn (£62.45bn) of assets under management and can boast that one in nine of its 10,000 inhabitants is a millionaire.
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Old 28.10.2010, 11:23
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Re: Low-tax Switzerland (News Article)

And if the upcoming tax referendum passes, those millionaires may well leave. Because why on earth would one live in Pfäffikon if not for low taxes?

Don't let the pictures fool you - 'picturesque' is not an adjective I'd ever use to describe Pfäffikon. Other SZ Gemeinden, yes - but Pfäffikon?
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Old 28.10.2010, 11:30
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Re: Low-tax Switzerland (News Article)

Agreed - I lived there for 2 years. Picturesque it is not....
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Old 28.10.2010, 12:08
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Re: Low-tax Switzerland (News Article)

Quote:
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http://www.bbc.co.uk/news/business-11618922

The picturesque village of Pfaffikon looks out onto Alpine mountains.
Thirty minutes from Zurich and dotted with traditional dairy farms, it might seem an unlikely location for some of Britain's biggest hedge funds.

The village now has over US$100bn (£62.45bn) of assets under management and can boast that one in nine of its 10,000 inhabitants is a millionaire.
I read Sebastian Faulks's novel "A week in December" last week and interestingly, in it he describes a British owned hedge fund based in Pfäffikon.

Obviously he's done at least some research - well I thought that until he described the sandwiches they were having for lunch at a local cafe and what was in them - I then realised his research was sketchy to say the least.
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Old 28.10.2010, 12:20
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Re: Low-tax Switzerland (News Article)

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I read Sebastian Faulks's novel "A week in December" last week and interestingly, in it he describes a British owned hedge fund based in Pfäffikon.

Obviously he's done at least some research - well I thought that until he described the sandwiches they were having for lunch at a local cafe and what was in them - I then realised his research was sketchy to say the least.
Surely they weren't eating meat and cheese in the same sandwich?!?
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