Weatherford move highlights Swiss problems – ValueWalk Premium

Weatherford move highlights Swiss problems

by Matthew Allen in Zurich, swissinfo.ch 
April 3, 2014 - 11:00

 

Low Swiss cantonal tax rates have proved a magnet for multinational firms in the past few decades. But international pressure to reform tax practices, combined with a perceived Swiss intolerance of foreigners, have recently tarnished the reputation of ‘Location Switzerland’.

Weatherford only moved its HQ from Bermuda to Zug in 2008, but the company now feels it can enjoy better value in Switzerland’s main European rival for attracting . . .

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