Thursday, February 16, 2006

Swiss Canton Lowers Corporate Income Tax to 6.6%

The Swiss canton of Obwalden, have decided to cut taxes for individuals and especially for corporations which now only have to pay 6.6% in corporate income tax (Thanks Larry Kudlow for the link ). EU bureaucrats have objected to this, claiming that it violates the trade agreement between the EU and Switzerland, but the Swiss have wisely decided to tell the EU bureaucrats to go stick their objections up where the sun don't shine.


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