Swiss and French squabble over tax

The spat follows the move of a French rock star to Switzerland to avoid tax.

    Every Swiss canton is responsible for its own taxation [AP]

    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


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    Heron Gate mass eviction: 'We never expected this in Canada'

    Hundreds face mass eviction in Canada's capital

    About 150 homes in one of Ottawa's most diverse and affordable communities are expected to be torn down in coming months

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.