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Austrian Government Holds on Financial Transaction Tax
Politics ♦
Published: March 17, 2012; 15:46 ♦ (Vindobona)
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In spite of discordance at the EU-level, the Austrian government is convinced to impose taxes on financial transactions by 2014.
Austrian Government Holds on Financial Transaction Tax / Picture: © Vindobona.org
The financial transaction tax is still heatedly debated in Brussels. A solution is not foreseeable. Nevertheless, the Austrian government already planned an annual tax intake due to the financial transaction tax of € 500m.
“There is no alternative plan.” the Ministry of Finance assures. The introduction remains uncertain. The EU-Commission presented a model, but single EU…
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