France

Low Swiss Taxes Induce French Companies To Relocate

Shocking

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Around one hundred French companies have elected to set up in Switzerland since the beginning of the year, reportedly with the aim of lowering their tax bills.

Director of the Franco-Swiss Chamber of Commerce and Industry Romain Duriez recently revealed that there are now 850 enterprises located in the Confederation, 25 percent or more of whose capital is owned by a parent company in France. This figure compares to 750 in 2011 and to 550 ten years ago, Duriez explained.