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Extracts from the joint press conference by Micheline Calmy-Rey, President of the Swiss Confederation, and by José Manuel Barroso

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During their joint press briefing, José Manuel Barroso, President of the EC, and Micheline Calmy-Rey, President of the Swiss Confederation, were asked about the sensitive issue of certain company tax regimes in Swiss Cantons in favour of holding, mixed and management companies. In February 2007, the European Commission had decided that these tax regimes are a form of State aid incompatible with the proper functioning of the 1972 Agreement between the EU and Switzerland. At stake are schemes offering unfair tax advantages to companies established in Switzerland, for profits generated in the EU. The Commission asked Switzerland to amend these tax schemes to bring them in line with the terms of the Agreement. The Commission had also asked the Council for a mandate to start negotiations with Switzerland with a view to finding a mutually acceptable solution. The bilateral issue of electricity market and Myanmar was also raised during the press briefing.
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Type: EbS   Reference: 53683   Date: 02/10/2007   Duration: 00:03:45
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