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Austrian Industrial Federation Wants Higher VAT

Published: November 23, 2012; 15:49 · (Vindobona)

Georg Kapsch, President of the Federation of Austrian Industries (I) calls for a VAT increase. The VAT rate remains unchanged at 20% of decades.

Austrian Industrial Federation Wants Higher VAT / Picture: © IV / Günther Peroutka

In order to reduce income taxes, the VAT rate should be lifted to 22%, Kapsch argues. Moreover, social contributions could be lowered. In the past, the Federation of Austrian Industries criticized very often that non-wage labor costs would be too high. However, an increase of the VAT rate by two percentage points would not be enough. Kapsch also wants to widen the income tax…

This article includes a total of 220 words.

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