Raidl says income tax must drop

Categories
Business

Austrian National Bank (OeNB) President Claus Raidl has called on the government to lower taxes on labour. Raidl told Die Pressr today (Weds) the taxation burden on labour must decline. He called Austria’s income tax system as “insane”. International organisations like the OECD, the Organisation for Economic Co-operation and Development, and the International Monetary Fund […]

Raidl snubs ÖVP hot seat offer

Categories
Politics

The Viennese People’s Party (ÖVP) tried to persuade an industrialist and conservative opinion leader to take over as chairman, it has emerged. Claus Raidl – who formerly headed tool steel manufacturer Böhler Uddeholm – confirmed today (Thurs) that he was approached by Vienna ÖVP officials about whether he could imagine becoming the party’s new leader. […]

Raidl raises profit distribution issue

Categories
Business

Austrian National Bank (OeNB) President Claus Raidl has called on company bosses in Austria to increase the income of staff.The former Böhler-Uddeholm AG (BUAG) chief said today (Thurs) it was “not acceptable” that real wages were not rising this year despite the strongest economic growth since the crisis of 2008. Raidl suggested enterprises should pay […]