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I once worked with someone from France, while working in a German branch for a company, and they lived in Switzerland at that time, saying they just pay less taxes that way and take home more money.
Your post makes me think it wasn't just taxes.
Yeah most definetely not. There is a lot of people from the surrounding countries working in Switzerland, but living outside of Switzerland to take advantage of the power of the Franken compared to the Euro.
Doing the opposite really weakens your income, so people in Switzerland tend not to work outside of Switzerland.