Business Class: Low Tax, High Life

The picturesque canton of Zug, Switzerland, has attracted a corporation for every five residents

ImageState / Alamy

Zug, Switzerland.

Marc Rich, the fugitive U.S. tax cheater famously pardoned by President Clinton earlier this year, has been back in the news--staging a boardroom coup to seize control of one of Switzerland's biggest property-management companies. This corporate drama brought another wave of unwanted attention to Zug, the picturesque and very private town where Rich works. But Zug has a lot more to offer than a chance to spot the elusive financier. Otherwise, why would 19,456 companies and subsidiaries locate offices there?

That's right: there's a company for every five residents in quaint little Zug and the compact canton that surrounds it. These...