Bank Austria CEO Cernko: Austrian Banks Fight Securities Tax

People ♦ Published: December 29, 2010; 02:55 ♦ (Vindobona)

The CEO of Bank Austria, Willibald Cernko, was interviewed by the newspaper “Kurier”. He announced that Austrian Banks will call the Constitutional Court.

Bank Austria CEO Cernko: Austrian Banks Fight Securities Tax / Picture: © UniCredit Bank Austria

The head of Bank Austria signalized legal measures to fight the securities gains tax. This step will by taken with other Austrian banks, Cernko said in the interview. All other banks are rally behind the call of the Constitutional Court. The CEO of the biggest Austrian bank stated that it still has to be evaluated if the tax burden will be passed on to the customers.

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Funding, Basel III, Banking Industry, Willibald Cernko, UniCredit, Taxation, Bank Taxes, Constitutional Court of Austria VfGH, Bank Austria, Equity Markets
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