Thursday 4 April 2013

Athens Stock Exchange moves to Basel post box



The Athens SE has seen the destruction of many a 
saving account. It used to be that the Greek 
government used the ASE to rob its own
citizens. 
Now , with the crisis, the only value left there is
in Starvation Derivatives with Goldman.

check this: Swiss info

Coca Cola found Switzerland more attractive than Greece
by Matthew Allen, swissinfo.ch
In happier times, the relocation of a Greek-based Coca Cola subsidiary to Zug would have been met with unreserved Swiss joy. But the move in mid-October actually masks a deep crisis unfolding in Swiss cantons.
A showdown with the European Union over corporate tax breaks now has cantons at each other’s throats, with billions of francs of annual revenues at stake. On the line is also Switzerland’s reputation as a tax haven for multinationals.
Waiting on the sidelines are thousands of foreign holding firms that benefit from cantonal tax breaks on profits earned outside of Switzerland. The EU wants these financial perks, which tax domestic and foreign profits at different rates, to end, and the cantons fear a company exodus.
“There is an emerging understanding that these discriminations have to be renounced,” Thomas Cottier, a professor of international tax law at Bern University, told swissinfo.ch. “The alternative would almost certainly be to face retaliatory measures from the EU.”