Stronach Calls For 25% Flat Tax

People ♦ Published: September 29, 2012; 19:50 ♦ (Vindobona)

The Austrian industrial and new party leader Frank Stronach wants a radical tax reform.

Stronach Calls For 25% Flat Tax / Picture: © Team Stronach / Press Photo

This week, Frank Stronach presented his new party “Team Stronach” to the public. Stronach stresses the economy as core issue and proposes a 25% flat tax in Austria. Human rights and the economy are the most urgent matters, he says.

In five years, the tax quota should be lowered to 25%. At the moment, the average income tax quota comes at 42%. Moreover, Stronach suggests that…