Swiss Zug: Centre of global economic hub


	Swiss Zug: Centre of global economic hub

righthand

6-2-2008 3:37 PM

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switzerland, money, trade, oil, economy

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/83137779-6838-4641-8ec6-994f8729575f/DF1C4A24-A747-483C-AC07-AFC76EC5E1E1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews" href="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews" style="font-size: 11px;">www.guardian.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews"><IMG height="276" width="460" alt="Zug, Switzerland" src="http://image.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/05/31/Zug460.jpg" />
				  <P class="caption">Zug has 27,000 registered companies, one from every man, woman and child in the town.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews"><DIV id="header"><DIV id="zones-nav"><DIV id="nav-bar"><DIV id="crumb-nav"><UL><LI id="crumb2"><A name="&lid={crumbNavigation}{Tax avoidance}&lpos={crumbNavigation}{2}" href="http://www.guardian.co.uk/business/taxavoidance" class="first-end">Tax avoidance</A></LI>
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<H1>Welcome to Zug: the sleepy Swiss town that became a global economic hub</H1>
<P id="stand-first">How one of the world's lowest tax regimes attracted an amazing 27,000 companies</P></DIV></DIV></DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews">According to the government of the canton, or region, of which Zug is the capital, there are 27,000 companies on its commercial register - one for every man, woman and child in the town, leaving a few hundred to spare. A Zug-registered firm is building the strategically critical gas pipeline that will link Europe with Russia via the Baltic</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews">Another is the luxury goods group that owns the Cartier, Piaget and Vacheron Constantin brands</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews">3% of the world's petrol is traded, either as crude oil or refined product, through Zug and the neighbouring town of Baar</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews">Few of the world's cars, clocks or computers would work without the metals that are bought and sold here</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.guardian.co.uk/business/2008/may/31/taxavoidance.tax?gusrc=rss&feed=worldnews">remarkably discreet: no casino; no stretch limos; no exclusive nightclubs. They are there</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/DF1C4A24-A747-483C-AC07-AFC76EC5E1E1/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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