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Austria: Corruption Is Costing Taxpayers € 17bn

Published: January 18, 2013; 19:28 · (Vindobona)

A report issued by OECD analyzes the economic costs of corruption. In case of Austria, the damage totals about 5% of the GDP.

Austria: Corruption Is Costing Taxpayers € 17bn / Picture: ©

In Austria, the economic losses resulting from corruption reaches more than 5% of the GDP. OECD criticizes that Austrian authorities do not co-operate efficiently. According to OECD, the fight against corruption is far from being satisfying.

The OECD Working Group on Bribery regrets that Austria has not had a conviction of bribing foreign public officials despite a number of…

This article includes a total of 213 words.

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