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Financial Transactions Tax: Austria Expects Tax Intake of € 500m

Published: February 16, 2013; 20:07 · (Vindobona)

The Austria government is optimistic to reach the fiscal goal. The Federation of Austrian Industries (IV) warns of detrimental effects for the real economy.

Financial Transactions Tax: Austria Expects Tax Intake of € 500m / Picture: © Flickr

The Austrian government is satisfied with the implementation of the financial transactions tax in eleven EU countries. The tax will come into force by January 2014. According to Finance Minister Fekter, the fight for the tax has paid off. The tax intake will increase by € 500m per year, she said. Austria´s Federal Chancellor Werner Faymann thinks that there is still some upside…

This article includes a total of 209 words.

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