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Financial Transaction Tax: Austrian Government Under Pressure

Published: October 2, 2012; 18:08 · (Vindobona)

In its last austerity package, the Austrian government has anticipated a financial transaction tax to be introduced in 2014. The time pressure is growing.

Financial Transaction Tax: Austrian Government Under Pressure / Picture: © Flickr

Today, the Austrian Federal Chancellor explained that further funds are necessary to manage the crisis. Also the financial sector must make contributions, he said. This problem would become more and more urgent, Faymann argued and referred to protests in Spain and Greece.

Austria´s problem is that the state budget in 2014 already contains a tax intake of € 500m although the…

This article includes a total of 333 words.

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