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Austerity Package Brings Burden of € 900m for Companies
Politics ♦
Published: February 14, 2012; 20:00 ♦ (Vindobona)
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The Austrian austerity package causes costs of € 900m for the Austrian real economy until 2016. Especially non-wage labor costs rise.
Austerity Package Brings Burden of € 900m for Companies / Picture: © Vindobona.org
Last week, the Austrian government explained its € 27.5bn austerity package. For Austrian companies, the direct burden is relatively small, compared with the overall volume. The share of the burden for companies thus reaches 3.0%. However, additional cuts such as amendments in the group taxation, a financial transaction tax or a solidarity tax for top-earners are not…
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