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IV Emphasizes: „New Taxes Harm Growth and Jobs“

Published: August 17, 2012; 16:52 · (Vindobona)

Georg Kapsch, President of the Federation of Austrian Industries (IV), calls for growth stimulating measures. The industrial sector is the growth engine for Austria, he argues.

IV Emphasizes: „New Taxes Harm Growth and Jobs“ / Picture: © IV / Markus Prantl

Kapsch explains that Austria is the most distributive country among OECD members. Instead of introducing new taxes, economic growth should be promoted, he says.

“Austria is a high wage country and one of the most taxed countries in Europe. The burden must be reduced not only for the economy, but for the whole population. Already the last austerity package contained new dismal…

This article includes a total of 206 words.

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