Leitl: "Restructuring Instead of Cashing in"

More+Comment ♦ Published: March 6, 2013; 21:27 ♦ (Vindobona)

Christoph Leitl, head of WKO (Austrian Chamber of Commerce), dismisses further plans for a tax hike. The outcome would be fatal and the economy exposed to threats.

Leitl: "Restructuring Instead of Cashing in" / Picture: © Wirtschaftsbund / Christoph Leitl

The additional burden for Austrian enterprises and higher earners was in total € 8bn from 2010 to 2013.

Austria shows the highest tax and contribution ratio (currently at 43.6 %) compared to other OECD countries and it will augment further. Nonetheless, the Austrian economy had to carry this burden too. According to Leitl, taking responsibility in fiscal hindsight is necessary…