Obwalden, a Swiss canton, has been accused of creating financial "apartheid" over plans to lure millionaires to the area to boost their tax revenue.
According to The Daily Telegraph, the canton is planning to launch "special living zones" for millionaires in an attempt to increase its tax take. Obwalden, like other cantons in the country, is short of revenue because it has been competing with other jurisdictions to offer the lowest tax. Full story...
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