Why is Switzerland's tax so low?

Could you possibly explain why Switzerland's tax rates are so relatively low? I've always been fascinated by the country's fiscal policies, and I'm curious to know what factors contribute to this phenomenon. Is it due to a strong economy, effective government management, or perhaps a combination of both? I'm also interested in understanding how these low taxes impact the country's overall fiscal health and the well-being of its citizens. Could you elaborate on this topic?