Word: liechtensteiner
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Dates: during 2000-2009
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...European Continent, countries with some of the highest tax rates - like Denmark, Germany and Sweden - sit side by side with those collecting some of the lowest, like Luxembourg and Liechtenstein. That's handy for Europeans who want to work in one country while they live, and save, in another. So execs and entrepreneurs can do business in London while settling in Monaco, the city-state famous for sunshine, glamour and zero tax on income or investment gains. Belgium, where some assets are exempt from capital-gains tax, is peppered with wealthy French escaping a tax rate that...
...maximum tax on corporate profits in Zug is 17.8%, as compared with 25% elsewhere in Switzerland, 18% in Liechtenstein and 39% in the U.S. "We offer not only fiscal conditions that are attractive to these companies but also an efficient, business-friendly infrastructure," says Franziska Holzgang, head of Zug's Economic Promotion Board. A company can be launched in Zug with little capital, registration fees are low, and the whole process can be completed within five days. The big banks and international airport of Zurich are only 14 miles to the north. And the work force in Zug is well...
...Liechtenstein that Switzerland accidentally invaded, not Luxembourg. (See fact...
Luckily, President Bush’s prayers for a solution to this Middle Eastern military fiasco have been answered. On March 2, Switzerland marched 170 infantry soldiers into neighboring principality Liechtenstein (population 35,000)—only to, according to The New York Times, “realize its mistake and turn back.” Liechtenstein forgave the Swiss their accidental invasion...
...situations have striking similarities. Just as Switzerland, as of this March, had 170 infantry soldiers in Liechtenstein, so too did the United States, as of this February, have 140,000 Army, Navy, Air Force and Marine personnel in Iraq. Swiss troops arrived in Liechtenstein “by mistake,” just as American troops traveled to Iraq under the misguided impression that their mission there was to disarm Iraq of weapons of mass destruction...