Schwyz, the canton for the billionaires

8 years ago - Published in Finance, Fundamental Analysis

The canton of Schwyz can be defined canton of billionaires. According to the latest statistics cantonal tax, year 2013, the ultra-rich residents are 8.976 and together have 77,5 billion francs, 89,9% of the total taxable assets.

The taxable income of the population in Canton Schwyz, less than 150.000 inhabitants, had progressed in the reporting year by 2.7% compared to 12 months earlier to a total of 7.1 billion. Statistics indicate that 616 persons (+62 Y/Y) boasted annual taxable income over one million francs. The 8% of residents did not pay taxes and 56% did not have taxable assets.

Schwyz has also been an increase in legal entities by 5.4% to 13.178 units, which have generated a profit of 1.512 billion, a rise of 22.1%.