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: © Vindobona.org

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…

or Log In

Fast News Search
Related News
Fekter Wants to Reduce „Ageing Costs“ (February 15, 2013)
Vienna: Distribution of Wealth Highly Unequal (January 4, 2013)
Austria: Prosperity Gap Grows Further (November 20, 2012)
Business Crime: Every Second Firm Concerned (November 1, 2011)
Minister for Social Affairs: Retirement Age to be Raised (February 18, 2011)
Read More
Social Policy, Crime, Indices, WKO Austrian Federal Chamber of Commerce, Fiscal Policy, Labor Market, Labor Market Policy
Featured
Coronavirus in Austria: Live-Ticker
Coronavirus in Austria: Update
Coronavirus in Vienna: Update - March 28, 2020
Coronavirus: Air Travel via Vienna International Airport - Latest Update
Coronavirus Worldwide Update - March 29, 2020
See latest Vindobona Newsletter