Sponsored
Article Tools

Sharp decline in Creation of New Foundations

Published: November 10, 2010; 14:50 · (Vindobona)

In particular, legal uncertainty and abolished tax advantages cause the creation of fewer foundations in Austria.

Sharp decline in Creation of New Foundations / Picture: © Flickr / Michael Thurm

The new tax plans of the government and the recent developments in Law offer little incentive to establish foundations. Accordingly, the establishment of new private foundations has declined significantly.

Veit Sorger, President of the Verband Österreichischer Privatstiftungen (Association of Austrian Private Foundations) and also president of the Industriellenvereinigung…

This article includes a total of 236 words.

or Log In

Fast News Search
Related News
Real Estate Sales: Tax Evasion is Probably Tilted (November 3, 2010)
Is the End of Private Foundations Near? (October 27, 2010)
New Budget: Details and Reactions (October 25, 2010)
New Budget, New Taxes (October 25, 2010)
Property Tax is Not Unconstitutional (October 15, 2010)
CEOs of Stock Exchange Alert: Vienna´s Taxation Plans Cast Investors out (October 14, 2010)
Ferdinand Piëch: Fortune Transferred to Austrian Foundations (September 20, 2010)
Read More
Taxation, Capital Markets, Real Estate Industry, Foundations, Wealth, Trusts, Veit Sorger
Featured
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter