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Austrian Audit Court Criticizes Group Taxation
Politics ♦
Published: July 19, 2013; 17:07 ♦ (Vindobona)
The costs of the Austrian group taxation model total about € 450m, the Audit Court said in a current report.
Austrian Audit Court Criticizes Group Taxation / Picture: © Vindobona.org
Group of companies, which have their seat in Austria, are benefiting from tax privileges. Since 2004, foreign losses are deductible in Austria. In the last year, annual costs have reached about € 450m. Since 2005, total costs amount to € 3.0bn. In total, the corporate tax intake could by 10% higher.
What is more, the Audit Court does not see any identifiable advantages…
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