04/11/2016

EuroAirport welcomes the initialling of a binational agreement for definitive resolution of tax issues

EuroAirport welcomes the initialling of an agreement on Wednesday 2 November 2016 in Paris by Christian Masset, Secretary-General of the French Ministry of Foreign Affairs and International Development and Yves Rossier, State Secretary Federal Department of Foreign Affairs (FDFA).

The initialled agreement builds on the joint declaration adopted by the President of France François Hollande and President of the Swiss Confederation Johann N. Schneider-Ammann in Colmar on Saturday 23 January 2016. It resolves all four issues relating to taxation applicable to the Airport, including the central question regarding the taxation of Swiss companies in the Swiss sector of EuroAirport.

This conclusive clarification of the tax situation is of great importance for EuroAirport and the companies based there. The binational agreement strengthens the legal and planning security of the site. It also provides the necessary requirements for EuroAirport to continue to develop in its highly competitive market, securing the attractiveness of the location and confirming the economic importance of EuroAirport as a vital hub for the entire trinational area.

EuroAirport management thanks in particular both countries as well as all its partners at local and national level in France and Switzerland for their commitment, which has resulted in the initialling of the agreement and created a stable legal solution settling all taxation issues at the airport.