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

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…