The Pros And Cons Of Living In Switzerland - Page 3 of 9

Flexible taxation

What’s more, the tax increases in the UK and the tax on bonuses which have been a final nail in the City of London’s coffin have helped bolster the Swiss employment coffers as apparently, companies that could do so have relocated their main offices from London to the likes of Geneva and Zurich.

The highest tax rates in Switzerland are far lower than the highest tax rates in Britain, despite the fact that you have to pay tax to the Canton in which you live as well as the City and the Federal Government.