Switzerland Business, Taxation and Offshore Information
Nowhere else is quite like Switzerland. It likes to call itself 'the most European country', yet it has stayed outside the European Union since Charlemagne. In several of its famous referendums, as ancient as they are ultra-modern, it has refused EU membership, most recently in 2001, by a majority of 71%. However, two sets of 'bilateral agreements' with the EU are gradually bringing Switzerland within the EU in all but name.
Switzerland doesn't lack confidence. A member of the OECD, and probably the most secure member financially, it was happy to defy the majority of members that voted for a raft of high-faluting 'measures' against unfair tax competition in December 1999. Then in April 2000 it surprisingly agreed with an OECD declaration aimed at securing information exchange in the interests of tax harmonisation - but a deadpan banking supervisor announced immediately afterwards that Switzerland was in compliance with the OECD's standards already. More »