Article Tools

Austria Suffers from Company Exodus

Published: July 22, 2013; 20:25 · (Vindobona)

Due to the relocation of businesses, the Austrian state has lost tax intake of € 1.3bn since 2008. The Austrian group taxation model must not be abolished experts of the Austrian Ministry of Finance say.

Austria Suffers from Company Exodus / Picture: © Flickr

After a report issued by the Austrian Audit Court, the Austrian group taxation model is discussed highly controversially. Group of companies, which have their seat in Austria, are benefiting from tax privileges. Since 2005, foreign losses are deductible in Austria. In addition, the he corporate income tax was cut from 34% to 25% eight years ago.

The costs of the Austrian group…

This article includes a total of 470 words.

or Log In

Fast News Search
Related News
Austrian Audit Court Criticizes Group Taxation (July 19, 2013)
Austria About to Lose Fiscal Secret (April 9, 2013)
CESEE: Business Climate Deteriorates (November 7, 2012)
Austrian Business Location Becomes Less Attractive (October 17, 2012)
Austrian Business Location: Further Slump in Competitiveness (May 31, 2012)
Read More
Taxation, Competitiveness, Fiscal Policy, Margit Schratzenstaller, Purchasing Power, Labor Market, Regional Economic Policy, IV Federation of Austrian Industries, Austrian Court of Audit Rechnungshof
Featured
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter