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> In Geneva, the epicenter of Switzerland’s $21 billion commodity-trading industry, accounting for about one-third of the world’s daily oil transactions That's
by smegel 10y ago
> In Geneva, the epicenter of Switzerland’s $21 billion commodity-trading industry, accounting for about one-third of the world’s daily oil transactions
That's pretty impressive for a country that has never even been visited by an oil tanker.
- rqebmm 10y agoI'm sure it has nothing to do with Switzerland's extremely strong financial privacy laws.
- omonra 10y agoAnd low taxes.
- JumpCrisscross 10y ago> Switzerland's extremely strong financial privacy laws We are also subject to relatively draconian surveillance [1]. [1] https://www.bestvpn.com/blog/30241/switzerland-passes-severe-new-surveillance-laws/ https://www.bestvpn.com/blog/30241/switzerland-passes-severe...
- test_log_5 10y agoTax rates for commodity transactions are low in comparison to other countries. Starbucks executes all their coffee trading out of Geneva. The commodity trade in Switzerland is as old as the hills.
- MagnumOpus 10y ago>old as the hills About as old as a 166-year-old artificial hillock, yes.