Property Taxes: Controversy Between Austrian Government Parties

Politics ♦ Published: August 14, 2012; 19:16 ♦ (Vindobona)

The Austrian social democrats still push for introducing property taxes. The coalition partner ÖVP rejects the idea.

Property Taxes: Controversy Between Austrian Government Parties / Picture: © Flickr / Werner Faymann

Chancellor Werner Faymann (SPÖ) emphasized that an inheritance tax should be re-introduced. In order to support R&D and education, further tax intake would be needed, Faymann argued. The inheritance tax should be applicable beyond € 1.0m.

By contrast, ÖVP opposes to SPÖ. Vice-Chancellor Michael Spindelegger (ÖVP) commented that the government consists of two different…