Complaint of Unconstitutionality against Securities Capital Gains Tax

Politics ♦ Published: December 14, 2010; 20:16 ♦ (Vindobona)

Austria banks and investment companies file a complaint before the Constitutional Court against the as of next year introduced tax on securities capital gains.

Complaint of Unconstitutionality against Securities Capital Gains Tax / Picture: © Vindobona.org

The by the Austrian financial sector sharply criticized capital gains tax on securities is now an issue of the Constitutional Court. As of January 1,  2011,  gains on securities will suffer from the 25% capital gains tax. Not only stock portfolios, but also funds and life insurance will be affected by this change. Also affected are bonds and derivatives.

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