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18. 05. 10. - 15:00

ÖVP split over tax on financial transactions

The People’s Party (ÖVP) is split on the question of Austria going it alone on a tax on financial transactions, it emerged today (Tues).

Federal Economy Chamber (WKO) President Christoph Leitl and ÖVP finance spokesman Günter Stummvoll support doing so, but party whip Karlheinz Kopf and State Secretary for Finance Reinhold Lopatka have reservations.

ÖVP Economy Minister Reinhold Mitterlehner has said a go-it-alone approach should be "a last resort." He claims that such a tax would not work without the participation of core EU countries and that a unilateral approach would "not be ideal for Austria as a business location."

The Social Democrats (SPÖ) remain hopeful of ÖVP support for such a tax. SPÖ Social Minister Rudolf Hundstorfer notes that Leitl and Stummvoll support it, and SPÖ State Secretary for Finance Andreas Schieder claims there is growing support in other EU member states for a Europe-wide tax on financial transactions.

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