IHS Pleads for Inheritance Tax

Politics ♦ Published: August 4, 2012; 18:22 ♦ (Vindobona)

Christian Keuschnigg, director of the Austrian Institute of Advanced Studies, thinks that an inheritance tax would be a contribution for more equality.

IHS Pleads for Inheritance Tax / Picture: © Institut für Höhere Studien - Institute for Advanced Studies

In an interview with the Austrian newspaper „Standard“, Keuschnigg explains that Austria needs a simplification of the tax system. „The goal should be as little exemptions as possible, low tax rates and a broad tax base.“

Keuschnigg proposes to create tax allowances for families with children of compulsory school age and for persons aged beyond 55. This would bring…