In Switzerland’s risk-averse watchmaking industry, keeping young buyers interested is essential to survival. For Edouard Meylan, CEO of H. Moser & Cie, that means trying everything except playing it safe.
In the risk-averse Swiss watchmaking industry, keeping young buyers interested is key to survival. For Edouard Meylan, that means trying everything except playing it safe.
The Swiss financial sector is still rebounding from a crackdown on bank secrecy, but the Swiss city of Zug sees a big opportunity in cryptocurrency. Zug has embraced digital currency. Some worry that the money might be a little too secret.
Digital money like bitcoin could help the Swiss rebound from a decade-long assault on bank secrecy, but it also brings back questions about whether the country is luring illicit cash.
Forster Rohner AG produces fine textiles and lace in factories in Switzerland, Romania, and China. The factory in Switzerland is highly automated, while also employing highly skilled workers who prepare very detailed work by hand. In addition to its 250 Swiss employees, the company employs another 640 at factories in Romania and China, where lower priced goods are produced.
Caterpillar has been a symbol of U.S. manufacturing worldwide, with its equipment in use in probably every country. The company is also known for its ability to deliver parts to repair the equipment, wherever it is being used. Where the profits on those parts should be booked, and taxes paid, however, is now under scrutiny.
The prospect of a $7.5-billion-a-year dairy market in China has created a quiet culinary revolution in its food-service industry. But selling directly to the restaurant industry is a lower value business than selling branded dairy products to consumers via supermarkets and retail stores. Fonterra, the world's biggest dairy exporter, is hoping to change that.
The British exit from the European Union (“Brexit”) is causing a sharp increase in the demand for legal and consulting advice. There is still great confusion as to what Brexit means.
How has the United States become a prime tax shelter destination?
The theme for this year’s Davos conference is Mastering the Fourth Industrial Revolution—referring to the impact of technologies like artificial intelligence and robotics. But the guest list and discussion topics seem more focused on geopolitical concerns about China, the Middle East, and Russia.
How has McDonald’s decided to respond to a decline in share price?
Financial advisers charged with helping clients evade U.S. taxes live as fugitives in Switzerland.
What plans does Netflix have for expansion in Europe?
How much of their profits have U.S. multinational corporations parked overseas, and is anything being proposed to fix this problem?
The 2014 World Economic Forum in Davos, Switzerland is trying to keep up the momentum for globalization.
Why has the Swiss Parliament voted not to allow Swiss banks to cooperate with the IRS?
Voters in Switzerland will vote in March on a law that would place limits on the type, timing, and allocation of executive pay packages.
Davos attendees hope signs of a recovery don’t vanish in the mist.
Which countries are now the most popular tax havens?
Will the globalization of financial markets be undone by new rules?
Super-rich foreigners in Switzerland can pay an effective income tax rate of as low as 1 percent. How do they get by with this, and how does this go over with the Swiss?
A proposed new law would increase the domestic content for a watch to be designated as Swiss made.
Global competitors are waiting with open arms for other countries to hike taxes, thereby attracting growth and investment that will drive their own economic environment. It is indeed a new world order!
Multinationals, hedge funds, and private equity firms are finding lower tax rates in the Alps.