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Austria: No Tax Reform
Politics ♦
Published: October 22, 2012; 18:57 ♦ (Vindobona)
The Austrian Minister of Foreign Affairs and Vice Chancellor Michael Spindelegger replies to Finance Minister Maria Fekter that a tax reform is not realistic now.
Austria: No Tax Reform / Picture: © Vindobona.org
In the past, Fekter emphasized her willingness to cut tax exemptions. At the moment, the Austrian income tax act has 560 exemptions for different professions. “These exemptions cause a decrease in tax intake of € 3.6bn.” In the end, a tax reform must bring substantial simplifications. “Less, more efficient and simpler.” Exemptions would be only conceivable for families, Fekter…
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