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Austria: Compulsory Levy on Assets Simply “Out of Question“
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Published: November 5, 2013; 19:08 ♦ (Vindobona)
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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…
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