Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Louis V. Lambrecht who wrote (56956)	12/5/2004 5:56:20 PM
From: Elroy Jetson	Read Replies (1) of 74559

It is very difficult to understand Switzerland from afar. As I've said, think of them as a private club, or an exclusive neighborhood that wants to keep out the riff-raff. The tax on imported goods which are re-exported is designed to strongly discourage companies from using Switzerland as a staging area, except for products manufactured or remanufactured in Switzerland. Being a centralized location it would be ideal, except the Swiss doesn't want the traffic associated with that type of business. -- Too bad you. Switzerland is run for the benefit of the Swiss rather than "les étrangers radins" looking to streamline their costs. Switzerland already imposes a heavy thru-transit tax on trucks which enter Switzerland on their way to somewhere else, say from France on their way to Italy. The tax is not imposed on trucks which choose to travel through Switzerland on a SwissRail flatcar, or on trucks which enter for the purpose of delivery to a Swiss address. gpsworld.com Most voters in Switzerland want to eventually replace the thru-transit tax with an absolute prohibition on trucking thru-transit. But this will have to wait until additional rail tunnels are built to easily handle the full traffic of trucks and drivers on flatbed railcars. *** As for Sabena, you must remember that while most decisions in Europe are political - most decisions in Switzerland are primarily banking decisions. The Belgian government wanted to off-load Sabena, an airline in constant loss position that they were too gutless to close. They allowed Swissair, a banker controlled airline to acquire Sabena which produced rather predictable results. Bankers don't like businesses in a constant loss position. What about Sabena's "assets"? as offset by the liabilities of their closure etc. Suffice it to say that Belgium has not made any demands for compensation for their poxy assets. .

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