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Leitl: "Restructuring Instead of Cashing in"

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…

This article includes a total of 263 words.

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