Sponsored Content

Austria: Compulsory Levy on Assets Simply “Out of Question“

People ♦ Published: November 5, 2013; 19:08 ♦ (Vindobona)

Sponsored Content

Top bankers and economists in Austria consider the compulsory levy of ten percent on household assets “out of question” and “ludicrous”.

Austria: Compulsory Levy on Assets Simply “Out of Question“ / Picture: © Vindobona.org

According to economists at the International Monetary Fund, a one-time levy on household assets before there was a flight of capital could by all means be regarded as fair. The paper suggests that a tax as high as ten percent could reduce national debt ratios in most Eurozone member countries to before the level of 2007, the year before the economic and financial crisis…