Politics

Illegal Income from Switzerland Should Support Government´s Plans

Published: February 13, 2012; 12:03 · (Vindobona)

The Austrian government hopes that proceeds from illegal income in Switzerland reach € 1.0bn in 2013. However, an agreement with Switzerland has not been concluded so far.

Illegal Income from Switzerland Should Support Government´s Plans / Picture: © Schweiz Tourismus

A tax on illegal income assessed in Switzerland by Austrian nationals should bring € 1.0bn in 2013, the Austrian government hopes. Then, every year further € 50m are expected. These plans are already part of the austerity package, which has a volume of € 27bn. It is expected that untaxed deposits by Austrian investors range from € 12bn to € 20bn. However, an agreement with…

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Illegal Income from Switzerland Should Support Government´s Plans

The Austrian government hopes that proceeds from illegal income in Switzerland reach € 1.0bn in 2013. However, an agreement with Switzerland has not been concluded so far.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.