Switzerland is going to have to review its fiscal policy

The editorialist Sylvain Besson reacts to the statements made by the French socialist Member of Parliament Arnaud Montebourg, Ségolène Royal's spokesman, who reproaches Switzerland for favouring the fiscal exodus of French celebrities and businesses and is envisaging the implementation of a 'blockade' against the Swiss Confederation. "As excessive as it may seem, Arnaud Montebourg's proposition is significant. It reflects the real irritation that Switzerland's fiscal largesse is provoking in Europe. The advantages offered to foreign companies by the counties is already held in low regard in Brussels. ... It would be easy for Switzerland to refuse to make any concession in the name of its sovereignty and the liberal principle that fewer taxes one pays, the better off one is. It should not however forget that its position in Europe remains fragile. Negotiating a reasonable arrangement may well be more worthwhile than declaring fiscal war."

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