Andrew Chamberlain of Zurich, Switzerland details recent information regarding international tax with Switzerland and California. Enjoy the slideshow.

1. SWITZERLAND &
CALIFORNIA
Andrew Chamberlain

2. • When thinking about successful and competitive economies,
Dubai probably comes to mind along with Singapore, or New
York
• But when you consider any relevant economic data over a
longer period of time, California and Switzerland become two
prime examples of powerful economies
• However, thanks to the role of popular politics and the usual
anti-business rhetoric that follows, the consideration of California
and Switzerland as powerful economies may soon change
• The hope of many is that countries like Britain can learn from
the mistakes that will lead to that

3. • For decades, California has been the center of American technological
innovation and business, as well as the home to the biggest movie
industry in existence
• Hollywood and Silicon Valley make California an economic
powerhouse
• On the other side of the world, Switzerland is home to the world’s
most formidable banking system along with engineering and
pharmaceutical industries that make it the fourth richest country in
the world when measured by per capita GDP
• Despite the successes of both California and Switzerland, another
thing they share in common is that both have been flirting with
populistic policies that are driving away both businesses and their
residents

4. • Switzerland has taken aim at large corporations, with efforts to
limiting the pay of top executives as well as taking a different
stance on immigration
• Although not a member of the European Union, Switzerland had
allowed citizens of EU countries free access into Switzerland, but
votes were cast in favor of strict immigration quotas
• California, which has been similarly embracing policies that anger
businesses, levies some of the highest state taxes in the United
States
• With efforts to ramp up labor protection, passing more
environmental legislation and increasing business taxes, California is
becoming less business friendly

5. • So what is the result of all of this and what can a country like Britain take
away from it?
• While it is understandable that perhaps executive pay is very higher, and
unrestricted immigration can hurt certain communities, or even that high
taxes are sometimes necessary for the good of the entire state, having a
powerful economy is still dependent on keeping big businesses on your
side
• People and businesses are leaving California and Switzerland in droves
• Along with that, jobs leave as well
• The United Kingdom is on a good track in terms of competitiveness in
their economy and job creation, and it would benefit them to continue on
that same track and not be detoured by popular ideas that seem good on
the outside

6. Andrew Chamberlain
Thank you for viewing the presentation. Please be sure
to check back again soon for more shows!