Government representatives of France, Germany, the United Kingdom and Spain have today signed a new tax agreement, which further advances the establishment of integrated European companies.
This agreement, signed in the presence of Mr. Dominique Bussereau, the French [junior] Minister for the Budget and Budgetary Reform, and representatives of the German, UK and Spanish Ministries of Finance, establishes a government framework for sharing corporation tax revenues from European companies operating subsidiaries in more than one European member state.
The agreement, which follows OECD guidelines, is fully compliant with each member state’s national legislation and European competition regulations. As such, the agreement permits pan-European companies to move forward towards full integration.
As the leading European aircraft manufacturer, Airbus is at the forefront of European industrial integration and will be the first to apply and operate in accordance with these groundbreaking principles. Airbus welcomes the signature of this agreement as an important step, further strengthening its own integration.
With an annual turnover of €19.3 billion in 2003, Airbus is a global company with design and manufacturing facilities in France, Germany, the UK, and Spain, as well as subsidiaries in the U.S., China and Japan. Headquartered in Toulouse, France, Airbus is a joint EADS Company with BAE Systems.
Airbus offers the most modern and comprehensive family of airliners on the market, ranging in capacity from 100 to more than 500 seats. Airbus has delivered almost 3,500 aircraft to 210 customers and operators world-wide, and boasts a healthy delivery backlog of well over 1,400 aircraft, which, at current rates, represents some five years of production.
Four European Governments Sign New Tax Agreement; Airbus First to Apply