Switzerland is best described by conveying an understanding of its geography‚ political‚ economic‚ cultural and social environments. The geography of the country has had a significant impact on its way of life. Switzerland is bordered by Germany in the north‚ Austria and the Principality of Liechtenstein in the east‚ Italy in the south and France in the west. This represents many significant European cultures converging on Switzerland the German speaking region‚ the French and the Italian. Two
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Question Crusoe hotel operates out of a small Caribbean country. This small hotel is owned by a Swiss couple who advertise in the European market. All inclusive packages are offered to tourist who pay the Swiss couple in their Swiss bank account. The hotel is operated by 5 locals on behalf of the owners who visit frequently. The guest are picked up at the airport and spend most of their time within the bounds of the hotel which has a beautiful bridge of its own. Entertainment is organized within
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SWISS INFO.CH Nov 11‚ 2008 - 17:27 Where is Switzerland’s cheapest place to live? While Switzerland may not be known for its low cost of living‚ a study has revealed the most affordable place to set up home. Inhabitants of canton Appenzell Inner Rhodes‚ in the east of Switzerland‚ enjoy the highest levels of disposable income after tax and fixed costs such as housing. Geneva residents have less in their pockets than people in any other region. The survey by Credit Suisse bank measured
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Even though the Convention on the European Convention on Human Rights separates from other human rights treaties because it has its own judicial body‚ looking at their case law for guidance can still be useful. In the Belilos v. Switzerland case‚ the Court decided that a interpretative declaration was to be treated like a reservation. Further‚ because of article 64 § 1 of the Convenetion‚ that requires "precision and clarity" ‚ the reservation in question fell short of the rule that
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German tax authorities to buy stolen CDs to convict potential tax evaders? Evading taxes is without any doubt a crime. But is it a crime to steal bank details‚ and is it a crime to buy these details? In contrast to Germany stealing bank data in Switzerland and Lichtenstein is violating the banking secrecy laws which can even be punished by imprisonment. For an employee of a bank it is a tough decision to blow the whistle‚ disclose bank secrets and earn a lot of money (in the current case 3‚5 million
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for a wide range of business models. Banks in Switzerland can be classified by the assets managed and are divided into four categories. Global banks manage assets in excess of CHF 1‚000 billion and employ more than 10‚000 staff in their wealth management divisions. Large banks typically have over 1‚000 staff and manage CHF 50 to 1‚000 billion. Medium-sized institutions manage CHF 10 to 50 billion‚ and usually employ more than 100 staff in Switzerland. Small banks manage CHF 1 to 10 billion. Institutions
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no doubt proved that Swiss brand is a renowned one. To customers‚ goods designated “made in Switzerland” are associated with exclusivity and tradition‚ and is a guarantee of impeccably high quality. In an increasingly competitive business world‚ the reputation of Swiss products has made it favourable for firms to use Swiss designations to earn extra revenues. Businesses are now using “made in Switzerland” and the “Swiss cross” to indicate the country of origin of their products. This has brought
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For these reasons‚ their services are more expensive than similar services by regular banks (Cartwright‚ 2005). Authorities in many parts of the globe have expressed their concern with bank secrecy. Provisions in European countries such as Switzerland‚ Austria‚ and Luxembourg and so on encourage tax evasion by citizens of bordering nations such as Germany and France. In 2009 growing tensions became a source of concern among many members of the European community prompting complains to the
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Black money was one of the major issues debated during the 15th Lok Sabha elections. Indian black money is deposited in foreign countries mainly in Switzerland Swiss Bank) and in the UK. What has made this old styled issue a major one during the election‚ and what are the estimates of the quantum of black money from India parked in the tax havens across the world?Recently‚ due to international pressure‚ the Swiss Government agreed to disclose the names of the account holder only if the respective
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Ethical principles are essential for the proper and fair conduct of business around the world. In principal‚ ethical principles can and should dominate any and all decision making‚ regardless if it occurs during a business transaction. Without ethics‚ it would be impossible to conduct business and establish the trust necessary between consumers and business entities. Of the many ethical principles that exist‚ several exist that relate to business ethics. Egoism is defined as the ethical belief that
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