Thursday, January 05, 2006

Tax Haven in Winter Playground

If you've ever checked out Pilatus or Titlis mountains of Switzerland or enjoyed the winter resort of Engelberg, then you've probably ventured into the canton of OW. OW as it is written on a license plate attracts many winter enthusiasts for skiing and snowboarding every year. You'll see people piling into train cars in Lucern to make the trek up to the mountain. But there is something more about the canton now that 2006 is in full swing.

Obwalden now has the distinction of claiming itself as a tax haven. In 2005 Obwalden was the highest tax paying canton in Switzerland. Now in 2006 Obwalden will become the lowest tax haven in Switzerland and quite the change. One of the reasons for lowering its tax rate might have been because it was considered as one of Switzerland's poorest, with very little growth in the modern age. The main goal of the canton is to attract more people to the area. Here's a unique map to help you locate the canton.

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