Taxation

Flat Tax in Austria?

The Austrian opposition party presented a “fair tax” model. The other parties criticized the proposal fiercely.

October 6, 2012

Support for Financial Transaction Tax Keeps Within Limits

In order to introduce the tax, nine countries must agree thereon. The time pressure is growing.

October 6, 2012

New Austerity Package in Hungary

In order to cut the budget defict below 3.0% of GDP in 2013, the Hungarian government plans further cuts and tax increases.

October 5, 2012

Austrian Socialists Call for New Taxes

The governing SPÖ wants to introduce new property and inheritance taxes.

October 4, 2012

Austria: Tax Fraud on the Rise

VAT evasion will come at € 2.3bn year, experts say. This is an increase by 5%.

October 3, 2012

Slovakia Abolishes Flat Tax

Because of the austerity pressure, Slovakia gives up its flat tax. The corporation income tax rate increases to 23% from 19%.

October 3, 2012

Austria Shows Growing Inequality in Wealth Distribution

According to a study of OeNB (Austrian National Bank), the 3,77 million Austrian households have assets of € 265,033 on average. Median assets reach € 76,445.

October 2, 2012

Tax Deal with Switzerland: No Referendum

The opponents of the treaty between Austria and Switzerland could not collect enough votes. About 47,500 signatures could be collected.

October 2, 2012

Financial Transaction Tax: Austrian Government Under Pressure

In its last austerity package, the Austrian government has anticipated a financial transaction tax to be introduced in 2014. The time pressure is growing.

October 2, 2012

Serbia to Grow in 2013

The Serbian economist Jurij Bajec explained that the Serbian economy will recover next year. Real GDP growth will reach 2.0%, he says.

October 1, 2012

Fekter Promotes Financial Transaction Tax

The Austrian Minister of Finance wrote a letter to the EU Commission. She argues that a financial transaction tax would be economically reasonable.

October 1, 2012

Bank Secret: Semeta Criticizes Austria´s Position

According to the EU Commissioner Algirdas Semeta, Austria´s bank secret is “out-dated”. He criticizes that Austria and Luxembourg still reject to give up the bank secret.

October 1, 2012

Hungary Prohibits Slot Machines

According to Hungary´s Prime Minister Viktor Orban, the national security would be endangered.

October 1, 2012

Fekter Against Property Taxes

The Austrian Minister of Finance Maria Fekter (ÖVP) would support an income tax reform. Property taxes would not be acceptable, she says.

September 29, 2012

Stronach Calls For 25% Flat Tax

The Austrian industrial and new party leader Frank Stronach wants a radical tax reform.

September 29, 2012

Serbia Expects Rising Tax Intake

In order to meet demands of IMF, the Serbian Parliament approved the revised 2012 budget. The tax intake will not solve the country´s problems, economists consider.

September 29, 2012

Czech Deficit in 2013 at 2.9% of GDP

The Czech Government presented the budget bill for 2013. The Maastricht Criteria should be fulfilled.

September 29, 2012

Stronach Founds New Party: „Historical Event“

The former CEO of the Canadian automotive group Magna has presented his new party “Team Stronach” today.

September 27, 2012

Austrian Tax Deal with Switzerland Wobbles

The citizens´ movement in Switzerland has collected enough signatures in order to hold a popular vote on the tax deal with Austria.

September 25, 2012

Public Debt: New EU Members Are More Flexible

Compared to old EU member states, the new member states have more fiscal leeway to overcome the crisis.

September 24, 2012

Austrian Business Profits Grow Stronger than Salaries

The Austrian Chamber of Labor (AK) analyzed 110 companies. In the last ten years, workers lost € 13,000 per head on average, AK says.

September 22, 2012

Austrian Industry Claims Tax Cut

The Federation of Austrian Industries (IV) wants a tax relief. In the coming years, the tax quota should be reduced to 38%.

September 20, 2012

IMF-Loan: Orban Demonstrates Optimism

According to Hungary´s Prime Minister Viktor Orban, the negotiations with IMF are proceeding on schedule.

September 18, 2012

Faymann Demands Property and Inheritance Tax

Austria´s Chancellor Werner Faymann calls for a re-introduction of a property and inheritance tax.

September 17, 2012

Hungary Becomes Tax Haven for Czech and Slovak Enterprises

In the last three years, the number of Czech enterprises with head office in Hungary was up by 41%.

September 15, 2012

Czech Public Debt Growing Rapidly

Until the end of the year, public debt is expected to increase to € 63.77bn. At the end of 2011, the public debt level came at € 58.5bn.

September 14, 2012

Infringement Proceedings Against Hungary?

The Commission of the European Union is said to start infringement proceedings against Hungary because of the introduction of financial transaction taxes.

September 13, 2012

VAT Dispute: Necas Seeks Compromise

The Czech Prime Minister Petr Necas is optimistic that the instable government will survive. He wants to reach a compromise with the dissenters.

September 13, 2012

Hungary: Difficult Negotiations with IMF

The relation between Hungary´s Prime Minister and IMF is chronically tensioned. Another delay of the conclusions of the negotiations is likely.

September 12, 2012

Serbia Lifts VAT Rate

In order to prevent the national bankruptcy, the Serbian government raises the VAT by two percentage points.

September 11, 2012

World Economic Forum: Slovakia´s Performance Worsens

According to the World Economic Forum Competitiveness Report, Slovakia´s competitiveness slipped again.

September 10, 2012

Hungary: Bank Tax Intake Lower than Expected

The bank tax proceeds only reach 40% of the planned volume.

September 10, 2012

Austerity Package: Czech Government Asks for Vote of Confidence

After the austerity package was disapproved by the Czech Parliament, the government resubmits the bill to the Chamber of Deputies.

September 10, 2012

Austrian Chamber of Labor: Loss in Real Income at 1.5%

Between 2000 and 2010, the average inflation and tax-adjusted net income was down by 1.5% in Austria, AK (Austrian Chamber of Labor) says.

September 5, 2012

World Economic Forum: Austrian Competitiveness Moves Up

In the World Economic Forum Competitiveness Ranking, Austria ranks 16th and could move up three places. The public debt quota, the tax quota and the investor protection are the main weaknesses of Austria.

September 5, 2012

Bad Times for Vienna Stock Exchange

Compared to August 2011, stock turnover fell by 66% last month. Turnover only reached € 2.3bn.

September 4, 2012

Czech VAT Increase to be Resolved

The Czech government wants to increase the tax intake by € 1.0bn. Economists warn of a deepening of the recession.

September 4, 2012

Slovenia: “Danger for Austrian Banks is Limited”

Although Austria would be most affected by a Slovenian national bankruptcy, the likeliness of this scenario is rather low, analysts say.

September 3, 2012

Debt Crisis: “Somebody Will Have to Pay”

European Forum Alpbach 2012: Andreas Treichl, CEO of Erste Group thinks that the internationalization of the banking industry cannot be reversed. According to Treichl, the European citizens will have to pay for the crisis.

August 30, 2012

Fekter in Favour of Mechanism for Excluding Countries from Eurozone

Austria´s Finance Minister Maria Fekter: “It will take time to implement”. Fekter wants to address countries which constantly create financial burdens for other member states.

August 30, 2012

Faymann Against Breaking Up the Eurozone (Part 2)

At the Alpbach Economic Symposium 2012, Austria´s Federal Chancellor Werner Faymann underlines the “advantages of the EU”. Without the euro, Austria would face a dramatic recession, he warns.

August 30, 2012

Fekter Wants Tax Reform

In an interview with the Austrian newspaper „Presse“, Finance Minister Maria Fekter said to plan a tax reform. The entry tax rate should be lowered.

August 29, 2012

No Leeway for Wage Tax Reduction

Austrian social democrats call for a relief of medium-income earners. Finance Minister Maria Fekter opposes to this idea.

August 27, 2012

New Property Tax in Croatia

Slavko Linic, Finance Minister of Croatia, confirmed that Croatia will introduce a property tax in 2013. There would be no need for an IMF loan, Linic argues.

August 21, 2012

Czech VAT to Increase

In order to increase public revenues, the Czech government may increase value added taxes.

August 21, 2012

Switzerland: „Austrian Tax Deal Will Withstand“

The Swiss Parliament´s President Hans Altherr thinks that the Swiss tax deal with Austria will withstand a popular vote.

August 16, 2012

Hungary Faces Recession Again

In the second quarter of 2012, Hungary´s GDP was dwon by 0.2%. The decrease in exports is the main reason.

August 16, 2012

Slovakia Fights Against Budget Deficit

In order to comply with the EU Stability Pact, Slovakia needs to cut public expenses by € 630m.

August 16, 2012

Property Taxes: Controversy Between Austrian Government Parties

The Austrian social democrats still push for introducing property taxes. The coalition partner ÖVP rejects the idea.

August 14, 2012

Tax Deal with Switzerland in Doubt

After a CD containing data of foreign tax evaders was bought by German authorities, Switzerland may hold a popular vote on the tax deal with Austria.

August 13, 2012
Fast News Search