• Schweizerische Eidgenossenschaft Nonetheless, it is important to note that due to the principle of federalism, tax rates can differ substantially between regions, as individual cantons and local communities have the power to set regional tax levels. This means that more than half of the Swiss economy is foreign trade. Sources: Sources: Management of foreign currency budget: 3.7. Switzerland’s living standards remain high. Sources: Even though Switzerland has one of the best transportation system, it associates with high costs for the government. A recent example for this is when the UBS became very unsure of itself; the country was forced to help, so that not the entire economy suffers from this. Sources: The federal law is always stronger than the cantonal law, a canton is not allowed to enact a new law that conflicts with the federal law. Switzerland is also the head of and a major player in, the World Intellectual Property Organization (WIPO). His research focuses on economic and social policies in developed democracies. However, one out of three foreign companies sees Switzerland in the future as the global center for top quality premium rate services. In 1995, Switzerland adopted a new legislative act to include tax breaks and investment credits for small and mid-size companies. Because of this Switzerland receives only a medium score for this policy. Structurally adjusted budgets were balanced even during the crisis of 2008 and 2009. • Wikipedia Schweiz Budgetary policy is fiscally sustainable. http://www.globalpropertyguide.com ; Switzerland is now structured in three political layers; the federal government, the cantonal government, and the municipal government. Taxation policies are competitive and generate sufficient public revenues. Switzerland has one of the world’s best protection regimes for both foreign and domestic holders of intellectual property. This places Switzerland 79th in the world chart. On the other hand the high production standard (quality, security of supply) is an advantage for Swiss companies; it’s worldwide recognized for it is worth to pay the extra cost. scroll through this site. An increasing number of companies are considering leaving Switzerland and relocating their operations abroad. Switzerland also is a member of the International Union of Railways, which is an international rail transportation system. Foreign labor comprises nearly a third of the workforce (32% in 2018). Switzerland also has some cultural differences in the country. • Die Bundesbehörden der Schweizerischen Eidgenossenschaft In Switzerland the presidency rotates each year; one of the seven gets elected by the United Federal Assembly as President of the Confederation. After an already-sharp decline in Q1, recent data shows that the economy shrank at a historic pace in Q2, depressed by plunging private consumption, investment and exports due to lockdown measures at home and abroad. Sources: http://www.wikipedia.com, 11/28/2011 ; In 2018 as in previous years, the federal budget surplus as well as those of cantons and most municipalities have been much better than anticipated. Fritz Sager, PhD, is a Professor of political science at the KPM Center for Public Management at the University of Bern. The government contributes to improving the regulation and supervision of financial markets. The Swiss government has a representative democracy, and is very stable. With its size of 41,285 km2, Switzerland isn’t not big at all, therefore one can get from one side to the other side of Switzerland in only a few hours. Switzerland is a very stable country, so it receives a high score in this policy. The courts in Switzerland are fair and give people the right to contest and explain. Its defense strategy is security through cooperation with the world’s main powers. Switzerland has quite a unique democratic tradition. Sources: 1.0 Perfectly Obstructionist to Wealth Creation http://www.admin.ch, 09/15/2011. The Federal Office for the Environment FOEN is responsible for implementing the environmental policy. Budgetary policy achieves some standards of fiscal sustainability. The confederation protects the Swiss population from exposure to noise, harmful substances, non-ionising radiation and natural hazards. There is little coordination in the set-up of economic policy institutions. The long-term attractiveness of Switzerland as an investment location is excellent. The authorities observe and respect these basic rights. There are 23 cantons and 3 half cantons, which have their own constitution, parliament and courts. http://www.vtg.admin.ch, 10/01/2011 ; Sources: Winning Essays: There Are Alternatives Project (TAA), Essay: Balanced Trade: Toward the Future of Economics.