Monday, December 12, 2005

Oberwalden Becomes Tax Paradise

The Canton of Oberwalden has joined Schwyz and Zug as having the distinction of a tax paradise for those who earn more than 300,000 CHF a year. Tax incentives are included for businesses who only have to pay about 6% income taxes. The push and hope is that more people will stay or settle in this tiny canton located central Switzerland near Lucern, Interlaken and Schwyz.

I'm pretty sure there are a lot of people who are against another canton serving as a tax haven. But one thing still remains true, Oberwalden is a paradise with its beautiful blue azure waters.

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