Editing Switzerland (section)

=== Taxation and government spending ===
{{see also|Taxation in Switzerland}} 
Switzerland is a [[tax haven]].<ref>{{Cite web |last1=Gabriel Zucman |author-link=Gabriel Zucman |last2=Thomas Torslov |last3=Ludvig Wier |date=June 2018 |title=The Missing Profits of Nations |url=http://gabriel-zucman.eu/missingprofits/ |url-status=live |archive-url=https://web.archive.org/web/20190402221958/http://gabriel-zucman.eu/missingprofits/ |archive-date=2 April 2019 |access-date=17 August 2018 |publisher=[[National Bureau of Economic Research]], Working Papers |page=31 |quote=Appendix Table 2: Tax Havens}}</ref> The private sector economy dominates. It features low tax rates; [[List of countries by tax revenue to GDP ratio|tax revenue to GDP ratio is one of the smallest]] of [[developed country|developed countries]]. The [[Federal budget of Switzerland|Swiss Federal budget]] reached 62.8 billion Swiss francs in 2010, 11.35% of GDP; however, canton and municipality budgets are not counted as part of the federal budget. Total [[government spending]] is closer to 33.8% of GDP. The main sources of income for the federal government are the [[value-added tax]] (33% of tax revenue) and the direct federal tax (29%). The main areas of expenditure are in social welfare and finance/taxes. The expenditures of the Swiss Confederation have been growing from 7% of GDP in 1960 to 9.7% in 1990 and 10.7% in 2010. While the social welfare and finance sectors and tax grew from 35% in 1990 to 48.2% in 2010, a significant reduction of expenditures has been occurring in agriculture and national defence; from 26.5% to 12.4% (estimation for the year 2015).<ref>Federal Department of Finance. (2012/1). p. 82.</ref><ref>{{Cite web |title=Voranschlag 2014 Finanzplan 2015–17 |url=http://www.efv.admin.ch/d/downloads/finanzberichterstattung/budget/kontext/Praes_Budget-2014_FP2015-17.pdf |url-status=dead |archive-url=https://web.archive.org/web/20140714115911/http://www.efv.admin.ch/d/downloads/finanzberichterstattung/budget/kontext/Praes_Budget-2014_FP2015-17.pdf |archive-date=14 July 2014 |access-date=14 June 2014}}</ref>