Austria: High Tax Country

People ♦ Published: November 19, 2013; 17:55 ♦ (Vindobona)

According to the new tax report of PrinceWaterhouseCoopers (PwC), the tax burden in Austria is ten percent higher than the average tax rate in the European Union and even beats Sweden.

Austria: High Tax Country / Picture: © Vindobona.org

Austria is a high-tax-country. With a tax rate of 52.4 percent Austria is ten percent above the EU average of less than 42 percent and even beats the Swedish tax rate, which comes at 52.0 percent. This is the result of the latest tax report of PrinceWaterhouseCoopers and the World Bank.

Rudolf Krickl, partner at PwC Austria underlined that there is an urgent need of reforms in…

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