Newsletter: About International Cum-Ex Tax Fraud and Robberies

Organized International Cum-Ex Tax Fraud in Austria - 183 Million Euros Damage

In connection with dividend stripping, the tax fraud model "Cum-Ex" was created, which deliberately allows the multiple refund of capital gains tax paid only once. According to a report in today's Ö1-Morgenjournal, presumably mainly Arab investors, in cooperation with domestic financial advisors and banks, caused Austrian taxpayers a loss of 183 million euros.

Robbery of 10 Mio Euro in Front of Austrian Airlines Plane in Albania

During a robbery at Tirana International Airport, robbers tried to steal 10 million euros from an Austrian Airlines aircraft. The plane was supposed to bring the money to Vienna and was just loading. In a fire fight with the police, a perpetrator was killed on the run. All robbers had been identified and the police are pursuing the rest of the gang.

Czech-Austrian Economic Relations: President of the Czech Republic Miloš Zeman Visits Vienna

During the visit of the President of the Czech Republic, Miloš Zeman, bilateral economic relations were the focus of talks with Federal President Van der Bellen as well as at the Austrian-Czech Economic Forum in the Austrian Chamber of Commerce.

Forty Tax Offices Become One Tax Office Austria

The structures will be flattened and work processes made more efficient in such a way that 40 authorities will become a single authority with 33 departments at the 79 existing facilities.

Sberbank Europe Generates Net Profit of EUR 34 Million

Vienna based Sberbank Europe looks back at its best annual result since the acquisition of Austrian Volksbank International in 2012.

Traffic Development at Vienna Airport on the Upswing

The passenger volume rose by 10.8%, the number of aircraft movements rose significantly and 74 airlines regularly flew to Vienna. New additions included the long-haul destinations Tokyo, Cape Town and Shenzhen, according to the annual financial statements and management report 2018 of Vienna Airport (Flughafen Wien AG).

McDonald's Austria: Record Year for System Catering Market Leader

With an increase of 52 million euros (+ 8%), the Austrian subsidiary of the US system gastronomy market leader McDonald's achieved sales of 674 million euros in 2018.

Casinos Austria Appoints Bettina Glatz-Kremsner as New CEO

Ms Bettina Glatz-Kremsner succeeds Mr Alexander Labak as Director of the Management Board of Casinos Austria AG.

Palais Esterházy: Oldest Building on Vienna's Kärntner Strasse Restored

Casino Wien, a subsidiary of CASAG Casinos Austria AG, is investing in the preservation of the venerable Palais Esterházy at Wiener Kärntner Straße 41. The heritage-protected facade will be restorated from summer 2019.

The Elegance and Tradition of a Japanese Samurai Family

On the occasion of the 150th anniversary of Japanese-Austrian relations, the World Museum Vienna is dedicating an exhibition to the prominent Hosokawa Samura family.