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Austrian Government Bans Speculation
Politics ♦
Published: January 7, 2013; 17:04 ♦ (Vindobona)
Austria´s Federal government, Austrian provinces and municipal authorities reach agreement on a speculation ban. Finance Minister Maria Fekter: “Comprehensive Package of measures to combat speculation with tax revenues.
Austrian Government Bans Speculation / Picture: © Wikipedia / World Economic Forum (Heinz Tesarek)
“What we have put together is a comprehensive package consisting essentially of two elements. Firstly, we will introduce a dedicated provision banning speculation with tax revenues into the Federal Constitutional Act on State Finance, because risk-averse management of tax revenues is the goal of the Austrian state. Secondly, the detailed rules will be covered by a 15a agreement…
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