Geneva will pay France a record amount from tax income

Geneva will pay a record amount to neighbouring France as part of its tax sharing deal.

It will pay CHF 372m. That's CHF 20m more than last year.

The payment is under a deal struck in 1973 which returns a share of the tax collected on frontalier workers. 

Under the agreement, France is supposed to use the money for essential infrastructure, education, water management – projects which will benefit residents on both sides of the border.



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