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Dispute Over Bank Taxes

Published: August 2, 2012; 20:07 · (Vindobona)

In Austria, only 82 of 787 banks have to pay bank taxes. Above all, the Raiffeisen sector and the Volksbanken sector are excluded.

Dispute Over Bank Taxes / Picture: © Flickr

At the beginning of 2011, the Austrian government introduced bank taxes. Per year, the tax intake should reach € 500m. This year, the bank tax was increased up to € 625m. Finance Minister Maria Fekter justified this step with the bail-out of VBAG.

But only a small percentage of the Austrain banks are concerned by the bank tax. Those banks, which total assets do not exceed €…

This article includes a total of 232 words.

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