Buy custom Switzerland: An Economic Overview
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Business
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4 / 982 |
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In a March 2001 referendum 70% of Swiss voters rejected steps toward EU membership (The World Factbook, 2007). The decision to join the EU will most likely to be on hold for years, perhaps decades. In May 2005, the government signed a quasi agreement with the EU, in lieu of joining the organization. This was done in order to create an atmosphere for open dialogue and favorable cooperation...
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This was done in order to create an atmosphere for open dialogue and favorable cooperation. However, the relationship has become somewhat strained due to Switzerland's cantonal tax for foreign holdings. The EU threatened trade retaliation if the Swiss cantons do not change their tax policies. So far, the EU has not carried out this threat, but the pending threat caused greater anti-EU feelings among the Swiss (U...
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