Geneva losing its business appeal


Geneva is losing its attractiveness for businesses and the canton needs to act.

That the conclusion by a group of entrepreneurs and business leaders. They run the Foundation for the Attractiveness of the Canton of Geneva. 

The report says as much as a third of companies in the canton are thinking of relocating. The main reason is income tax – most say any further increases would mean they’re likely to leave. 

The report seems to contradict many others which highlight that Geneva is a great place to set up a business. 

The authors say that’s due to a lag from the data being collected and the report being published. 

The director of the foundation, Arnaud Bürgen, says their information shows there’s been a deterioration in conditions in recent years. 

He’s calling on the canton to tackle the issues head-on. He says an attractive Geneva will benefit all citizens. 

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