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Tax Agreement with Switzerland May Be Postponed

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…

This article includes a total of 415 words.

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