Austria: Welfare Fraud Costs € 1bn Per Year

Politics ♦ Published: March 19, 2013; 19:16 ♦ (Vindobona)

According to a study, which was commissioned by the Chamber of Commerce (WKO) and carried out by the Johannes-Kepler University in Linz, social fraud causes a smaller amount of economic damage than fiscal evation and black labor.

Austria: Welfare Fraud Costs € 1bn Per Year / Picture: ©

The economical harm which is caused by social fraud in Austria runs up to a total of € 1bn per year and is therefore a smaller amount than with tax evation or black labor. This temporary result was presented by the University of Linz and the Austrian Chamber of Commerce. Professor for political economy, Friedrich Schneider, assumes that up to three quarters of the personsons…