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Bank Tax: Only 185 Million Remain for the Federation

Published: October 29, 2010; 13:59 · (Vindobona)

In negotiations with the provinces, the federal government surprisingly yields to pressures: proceeds from the bank tax will be divided.

Bank Tax: Only 185 Million Remain for the Federation / Picture: © Flickr

The federal government shows surprising generosity towards the provinces. From the bank tax, which will amount to a total of 500 million euro (692 million dollars), the provinces and municipalities will receive around one third. Another 150 million will be lost by the Finance Ministry because of the cancellation of the credit contract fee. This loss of revenue will be carried by the…

This article includes a total of 223 words.

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