Illegal Income from Switzerland Should Support Government´s Plans

Politics › Brussels ♦ 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: © Swiss and Austrian crossed flags by Vindobona

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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