WIFO Wants Higher Property Taxes

Politics ♦ Published: January 21, 2013; 18:58 ♦ (Vindobona)

Karl Aiginger, director of Austrian Institute of Economic Research, suggests reducing wage taxes.

WIFO Wants Higher Property Taxes / Picture: © WIFO Wirtschaftsforschungsinstitut

Aiginger explained that higher property taxes may allow the Austrian government to lower wage taxes. Moreover, the construction of social housing must receive stronger support, Aiginger says. An increase of the property tax may generate a tax intake of more than € 1.0bn, the economist argues. But also inheritance taxes should increase, he says.

Especially in Vienna, the…