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Most also levy a tax on the value of the property sold (Handänderungssteuer / impôt sur les mutations / Tassa di mutazione) so as to discourage speculation in real estate. [53] Taxes are also frequently levied on the ownership of dogs and motor vehicles, [54] on lotteries, on the sale of tickets to public entertainments, or on overnight stays ...
Freienbach, in the north of the canton, is known for the lowest taxes in Switzerland. This has attracted a number of the rich. The best known, worldwide product of the canton is the Swiss Army Knife manufactured by Victorinox in Ibach just downhill from the main town of Schwyz. As of 2010, Schwyz had an unemployment rate of 2.3%.
The canton of Zug has one of the lowest tax rates in Switzerland. Bloomberg L. P. reported that trading houses with ties to Russian oligarchs are peppered all over the low tax canton of Zug. Local officials estimate that there are at least 40 companies connected to Russia that employ about 900 people in the canton.
Municipalities are financed through direct taxes (such as income tax), with rates varying more or less within a framework set by the canton (see Taxation in Switzerland). As among the cantons, there is a tax transfer among the municipalities to balance various levels of tax income.
The 26 cantons of Switzerland are the member states of the federal state of Switzerland. Each canton was a fully sovereign state [1] with its own borders, army and currency from the Treaty of Westphalia (1648) until the establishment of the Swiss federal state in 1848. Each canton has its own constitution, legislature, government and courts. [2]
Obwalden lies in Central Switzerland and contains the geographical centre of Switzerland. It is bordered by the canton of Lucerne to the north, the canton of Nidwalden and Uri to the east and the canton of Bern to the south. The canton is essentially in the valley of the Sarner Aa south of Lake Lucerne, with an exclave around Engelberg.
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The average taxes in the canton are higher than in most cantons, in 2006, the tax index in the canton was 126.6 (Swiss average is 100.0). In 2006, the canton had the highest final tax rate on high wage earners (15.26% on a married couple with two children earning 150,000 CHF vs 11.6% nationally), though the tax rate was in the middle for lower ...