Sponsored Content
Austrian Banks Demand Cut in Bank Levy
Politics ♦
Published: November 5, 2013; 11:32 ♦ (Vindobona)

Sponsored Content
Major banks in Austria demand tax reliefs in return for a participation in Hypo Group Alpe Adria’s bad bank.

Banks in Austria pay around € 600m in bank levy, which is the same amount of duty for German banks. For instance, the total levy paid by Erste exceeds the profits made in Austria which is causing uproar at the Eastern European affiliates as it is regard as unlawful cash drain.
Major banks in Austria, i. e. Raiffeisen, Erste Group and Bank Austria, have been trying to find a…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Austria: Liquidation No Option for Hypo Group (November 4, 2013)
RBI: Rothensteiner Opposed Payout Block (October 31, 2013)
Banks Jeopardize Austrian Triple-A Rating (October 31, 2013)
Cernko: Bank Shops in Austria Have to Be Reduced (October 30, 2013)
Stress Tests: Austrian Banks Demonstrate Optimism (October 23, 2013)
Sponsored Content
Read More
Featured