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Bank Boss Confirms: Bank Tax will be Passed on to Customers

Published: November 8, 2010; 11:33 · (Vindobona)

Massive criticism of the federal government is also coming now from the boss of Raiffeisen Zentralbank (RZB). Bank customers will have to bear both the bank tax and the securities tax.

Bank Boss Confirms: Bank Tax will be Passed on to Customers / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud

Walter Rothensteiner, boss of RZB criticized the approach of the federal government to the bank tax. 30% of the revenue has been given to the provinces and communities beforehand. Apparently, the federal government does not need the financial resources, says Rothsteiner. In any case, the tax will mean higher costs to customers "under one form or another.”

This article includes a total of 226 words.

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