Dispute Over Bank Taxes

Politics ♦ 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: © Vindobona.org

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 €…