Obamas 'change': Energy Co's exodus to Switzerland!

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Obamas 'change': Energy Co's exodus to Switzerland!

Post by NonConformist on Thu Mar 12, 2009 1:34 pm

So it begins!

RPT-FEATURE-Corporate oil booms in low-tax Switzerland

* Companies seek Swiss domiciles despite tax row

* U.S. political climate may be helping

* Appeal as corporate location may outlast offshore dispute

By Sam Cage

ZUG, Switzerland, March 12 (Reuters) - The tidy towns and
mountain vistas of Switzerland are an unlikely setting for an
oil boom.

Yet a wave of energy companies has in the last few months
announced plans to move to Switzerland -- mainly for its appeal
as a low-tax corporate domicile that looks relatively likely to
stay out of reach of Barack Obama's tax-seeking administration.

Continued- http://www.reuters.com/article/rbssEnergyNews/idUSL312427120090312?feedType=RSS&feedName=rbssEnergyNews&rpc=22
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Re: Obamas 'change': Energy Co's exodus to Switzerland!

Post by Remo on Thu Mar 12, 2009 5:01 pm

Who can blame them? I'm looking for a way out of Obama's Gulag.
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