[QODLink]
Business
Swiss and French squabble over tax
The spat follows the move of a French rock star to Switzerland to avoid tax.
Last updated: 06 Jan 2007 12:53
Email Article
Print Article
Share article
Send Feedback
Every Swiss canton is responsible for its own taxation [AP]

Switzerland's president has rejected French criticism of her country's low taxes, demanding more "respect" from her cross-border colleagues.
 
Micheline Calmy-Rey was responding to comments from Arnaud Montebourg, a French politician, who said it was time the EU did something about the tax "banditry" of some Swiss cantons.
"We don't need any advice" on setting taxes, Calmy-Rey told a Swiss television late on Friday.
 
She also said that it was up to Swiss voters to make their own decisions and that each country had the right to defend its economic interests.
Montebourg is an ally of Segolene Royal, the French Socialist presidential candidate, and the spat follows the much-publicised tax-flight of Gallic rocker Johnny Hallyday to Switzerland amid a heated debate over taxation that has become a central issue in the presidential election campaign in France.
 
Calmy-Rey, a Social-Democrat whose one-year term began on January 1, noted that more than 100,000 French citizens cross the border into Switzerland every day to work, and that her country collected about 300 million Swiss francs ($240 million) in taxes last year for the European Union even though it is not a member of the bloc.
 
Each Swiss canton sets its own personal and corporate tax rates, which can be as little as half that of large EU members such as Germany, France or Britain.
Source:
Agencies
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
French Jews and Muslims say recent National Front victories in mayoral races reflect rising xenophobia.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
Featured
Survivors of Bangladesh garment factory collapse say they received little compensation and face economic hardship.
As Iraq prepares to vote, deadly violence is surging. But at the site of one bomb attack, people insist life must go on.
French Jews and Muslims say recent National Front victories in mayoral races reflect rising xenophobia.
Up to 23,000 federal prisoners could qualify for clemency under new Justice Department initiative.
After years of rapid growth, Argentina is bracing for another economic crisis as inflation eats up purchasing power.
join our mailing list