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Higher Bank Tax for Bank Austria

Published: December 27, 2010; 00:57 · (Vindobona)

The UniCredit-subsidiary Bank Austria will have to pay a bigger amount of the bank tax in 2011. The contribution in the following year decreases.

Higher Bank Tax for Bank Austria / Picture: © Uni Credit Group Bank Austria

Still in November, the CEOs of Bank Austria and its holding company, Willibald Cernko and Frederico Ghizzoni, expected to be charged with € 80m to € 90m. Instead of that, Bank Austria has to pay more taxes. € 135m are expected now. The reason for the higher tax contribution is the sale of the investment bank CAIB. From the fiscal point of view, CAIB is still seen as part of Bank…

This article includes a total of 210 words.

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