Till a few years ago, it was extremely unusual to find a "To Let" or "For Sale" sign in Switzerland: demand outstripped supply.
Today, I have just come across a sign saying "To Let" on a huge building obviously built not long ago, optimistically (and now ironically) called "The Business Magnet".
Saturday 25 September 2010
Thursday 16 September 2010
Disadvantages of Zurich and Geneva NOT being hubs in their own right
I have been saying for several years that "green" taxes will come, and of course they have come in various slow stages in some countries already.
The new “Air Transport Tax” which Germany is applying to flights from 1 January 2011will straightaway mean an extra payment of between EUR 8 and 45 per person per flight.
We will need to find out how many people fly via German airports to and from Switzerland, to calculate the total loss to the Swiss economy, first of the money being paid by Swiss citizens to the German government, and then of the gain that could have resulted if the money, from all those who would have travelled through Swiss hubs instead of German hubs, had come to Swiss coffers as a "green" tax payable to the Swiss government instead of to the German government.
Naturally, this does not take into account the time lost by Swiss citizens, and by non-Swiss people based in Switzerland, because of having to fly via German hubs.
The shortsightedness of Swiss leaders and citizens, which led to the death of Swissair, will shortly become apparent to all.
The new “Air Transport Tax” which Germany is applying to flights from 1 January 2011will straightaway mean an extra payment of between EUR 8 and 45 per person per flight.
We will need to find out how many people fly via German airports to and from Switzerland, to calculate the total loss to the Swiss economy, first of the money being paid by Swiss citizens to the German government, and then of the gain that could have resulted if the money, from all those who would have travelled through Swiss hubs instead of German hubs, had come to Swiss coffers as a "green" tax payable to the Swiss government instead of to the German government.
Naturally, this does not take into account the time lost by Swiss citizens, and by non-Swiss people based in Switzerland, because of having to fly via German hubs.
The shortsightedness of Swiss leaders and citizens, which led to the death of Swissair, will shortly become apparent to all.
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