Article Tools

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

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

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: © Flickr

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…

This article includes a total of 240 words.

or Log In