Vienna Stock Exchange Claims to Abolish Security Gains Tax

Politics ♦ Published: July 18, 2012; 16:53 ♦ (Vindobona)

In April, transactions were down by 25%, CEO Michael Buhl says. Since December turnover fell dramatically at Vienna Stock Exchange.

Vienna Stock Exchange Claims to Abolish Security Gains Tax / Picture: © Vindobona.org

In Vienna, turnover at the stock exchange decreased more than at comparable stock exchanges, CEO Buhl asserts. This should be mainly due to the securities gains tax.

In the first half year of 2012, turnover reached € 20.4bn. One year before, turnover amounted to € 32.96bn. In June, Vienna Stock Exchange registered a turnover of € 2.65bn after € 5.35bn in the reference…