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Vienna Stock Exchange: Tax on Securities Gains Damages Austrian Economy

Published: December 13, 2010; 20:18 · (Vindobona)

Massive disadvantages for Austrian companies because of financing made more difficult are feared by the members of the of the Vienna Stock Exchange board, Michael Buhl and Heinrich Schaller.

Vienna Stock Exchange: Tax on Securities Gains Damages Austrian Economy / Picture: © Wiener Börse AG

"A functioning economy requires risk capital provided by the long-term investments made by private investors. Because with the generated capital, the competitiveness of Austrian companies will be maintained or increased, business growth financed and new jobs created and safeguarded", according to the comment from the Vienna Stock Exchange on the tax on securities gains introduced as of…

This article includes a total of 207 words.

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