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Austria: Rules for Bank Tax to Be Changed

Published: December 20, 2013; 20:06 · (Vindobona)

The governing parties call for changes in the bank tax which would increase the burden of some Austrian banks.

Austria: Rules for Bank Tax to Be Changed / Picture: © Wikimedia Commons / SKopp [Public domain]

Only in October the heads of major Austrian banks ‑ Erste Group’s Andreas Treichl, Willibald Cernko of Bank Austria and Karl Sevelda of RBI (Raiffeisen Bank International) ‑ demanded the governing parties SPÖ (Social Democrats) and ÖVP (People’s Party) to reduce the bank tax which goes directly to the state budget. However, the government has now changed the assessment basis…

This article includes a total of 440 words.

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