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Taxation of Pension Funds: One-Time Effect of € 900m

Published: March 6, 2012; 15:20 · (Vindobona)

In order to restructure the financially stricken VBAG, the Austrian government anticipates taxes on pension funds. As a result, € 75m will lack in future.

Taxation of Pension Funds: One-Time Effect of € 900m / Picture: © Flickr

As the partly nationalization of VBAG caused write-offs as well as further capital injections and guarantees of € 1.05bn, the government had to find another source for raising these funds. The austerity package was already resolved, new taxes were seen to be unacceptable. So, the coalition parties agreed on bringing forward tax intake on pension funds through a lump-sum tax. A…

This article includes a total of 233 words.

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