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This is the result of the Credit Suisse Location Quality Ranking (LQI) 2023, released on Tuesday. The canton of Zug is clearly at the top, ahead of Basel-Stadt, Zurich and Geneva.
According to CS, Zug and Basel-Stadt have “a very advantageous combination of attractiveness factors”. The cantons of Valais and Jura, each with challenging topography, were at the bottom.
Taxes continue to lose their validity in the face of competition. According to the CS study, non-tax factors such as availability of qualified specialists in place competition are likely to gain importance given the OECD’s upcoming minimum tax.
Due to the better development in terms of workforce, for example, the canton of Ausserrhoden formed a middle row at the expense of Obwalden and rose to the 12th rank.
Overall, the 2023 rankings relative to CS have again remained very stable because the underlying framework conditions usually only change gradually. However, in a longer-term comparison since 2014, the cantons of Geneva and Vaud have moved up twelve and five places respectively, mainly thanks to more attractive taxation of companies.
SQI is based on a total of seven quantitative sub-indicators. These include, for example, the tax burden, the availability of highly skilled and skilled workers, or the accessibility of a place.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
