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Leitl Rejects Further Bank Taxes

Published: November 6, 2013; 17:18 · (Vindobona)

Christoph Leitl, president of the Austrian Chamber of Commerce (WKO), rejects the Finance Ministry’s plan to impose further taxes on Austrian banks in order to decrease public debts.

Leitl Rejects Further Bank Taxes / Picture: © Wirtschaftsbund / Christoph Leitl

Currently, the task force is making every effort to make the € 19bn in unsaleable units at Hypo Group Alpe Adria as least burdening to the budget as possible. Moreover, provincial liabilites as high as € 14bn are another problem for Austria. Besides, the Austrian National Bank rejected rumors about establishing a bad bank as this would be prohibited public sector financing. It is…

This article includes a total of 474 words.

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