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Austria: Controversy About Property Taxes

Politics ♦ Published: February 20, 2013; 21:40 ♦ (Vindobona)

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According to Christian Keuschnigg, director of IHS, property taxes would have a negative impact on economic growth and the employment situation.

Austria: Controversy About Property Taxes / Picture: © Vindobona.org

Today, Keuschnigg presented a study on the economic effects of property taxes in Austria. Unlike the social democrats (SPÖ), the coalition partner ÖVP (people´s party) rejects property taxes. Keuschnigg opposes to SPÖ and argues that the tax will not bring the expected revenues. SPÖ anticipates a tax intake of € 2.5bn. The governing party argues that property taxes allow a…