Austria: Felderer Warns of Property Taxes

People ♦ Published: February 23, 2013; 19:19 ♦ (Vindobona)

The economist believes that already the discussion about property taxes is damaging the Austrian business location.

Austria: Felderer Warns of Property Taxes / Picture: © IHS Vienna

Bernhard Felderer, former director of IHS and chairman of the Austrian public debt committee, rejects to introduce new property taxes. “Already the discussion has detrimental effects for the Austrian business location.” Felderer underlines that every tax on existing asset substance is “particularly dangerous”. However, Felderer thinks that the Austrian government should increase…