Competitive pressure: From minimum tax to energy strategy: The creeping loss of Switzerland as a business location
The Swiss economic model has proven itself. However, studies show that the factors contributing to its success are losing strength. And even neutral Switzerland is feeling the effects of geopolitical conflicts more strongly.
A study by McKinsey and the Swiss-American Chamber of Commerce has found that Switzerland's status as a hub for multinational companies remains strong, with the country accounting for around 20% of global corporate relocations. However, the study also reveals that the country's competitive edge is weakening, with a decline in the number of new corporate headquarters and finance centers being established in Switzerland.
The country's pharmaceutical sector, traditionally a key driver of its economy, has been particularly affected, with its share of relocations falling from 50% to 33%. The study identifies regulatory burdens, taxes, and energy costs as key challenges facing Swiss companies.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
