Sponsored Content
Tax Agreement with Switzerland May Be Postponed
Politics ♦
Published: March 17, 2012; 17:02 ♦ (Vindobona)
The plans of the Austrian government to conclude a tax agreement with Switzerland soon is unlikely. For the budget, this could cause a loss of revenues.
Tax Agreement with Switzerland May Be Postponed / Picture: © SW Umwelttechnik
A tax on illegal income assessed in Switzerland by Austrian nationals should bring € 1.0bn in 2013, the Austrian government hopes. Then, every year further € 50m are expected. These plans are already part of the austerity package with a volume of € 27bn. It is expected that untaxed deposits by Austrian investors range from € 12bn to € 20bn. However, an agreement with…
or Log In
Fast News Search