Ikrath: "Bank Tax Should Fall in 2012"

People ♦ Published: March 19, 2011; 11:53 ♦ (Vindobona)

Once the proposed bank rescue fund is set up, there should be no more national bank tax, says Michael Ikrath from the Sparkassenverband (Savings Banks Association).

Ikrath: "Bank Tax Should Fall in 2012" / Picture: © Vindobona.org

As of 2012, a bank restructuring fund planned by the EU is to be established. This is the basis for the statement by the Secretary-General of the Austrian Savings Banks Association, Michael Ikrath. The fund will be fed by the bank tax. There should therefore be no need for a second bank tax at national level.

The Austrian bank tax would thereby become obsolete. Ikrath assumes…