Mikl-Leitner fends off Prammer attack

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Politics

People’s Party (ÖVP) Interior Minister Johanna Mikl-Leitner has defended the plan to finalise the talks for the government’s transparency package this year. Mikl-Leitner underlined today (Fri) that the various planned draft bills would come into force only next year anyway. She promised that her cabinet and the team of negotiators assigned by the Social Democrats […]

SPÖ’s big guns trained on Strache

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Politics

Vienna Mayor Michael Häupl has warned from a coalition between the People’s Party (ÖVP) and the Freedom Party (FPÖ). The influential Social Democrat – who became mayor of the capital in 1994 – appealed in his speech at yesterday’s (Tues) International Workers’ Day in downtown Vienna to fellow party members to do everything they can […]

Bonuses must mean tax cuts, says ÖVP boss

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Politics

The People’s Party (ÖVP) has suggested to lower the tax pressure on companies which share their profits with employees. ÖVP chairman Michael Spindelegger said yesterday (Tues) firms which decided to pay bonuses to staff in economically successful times should benefit by such a tax reform. The foreign minister added that his party would present detail […]

Leitl denies ‘bullying businesses’ claim

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Business

The president of the Austrian Economy Chamber (WKO) has rejected accusations that companies are bullying elderly employees. Conservative Pensioners’ Union chief Andreas Khol claimed that many of the people who retired before having reached the regular pension age might have been “bullied” by their employers. Khol said he agreed with Karl Blecha, who heads the […]

Austria updates EC about financial strategy

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Politics

The Austrian government has informed the European Commission (EC) and Eurozone financial issues watchdogs about its budget path. Social Democrats (SPÖ) and People’s Party (ÖVP) filed a document to the political institutions’ headquarters in Brussels, Belgium, and Strasbourg, France, today (Weds). The paper features all detail information about how the coalition intends to erase the […]

Coalition justifies Austrian-Swiss tax treaty

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Politics

The opposition teamed up in attacking the government over its tax agreement with Switzerland. People’s Party (ÖVP) Finance Minister Maria Fekter agreed with her Swiss counterpart, Eveline Widmer-Schlumpf, about charging a tax of 15 to 38 per cent on Austrians’ assets in Switzerland shortly. Fekter said in Swiss capital Bern, where the treaty was signed […]

Government wants to tax Liechtenstein foundations

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Politics

The Austrian government is cracking down on another alleged safe haven for private equity. Only last week, Austrian People’s Party (ÖVP) Finance Minister Maria Fekter met with Swiss Finance Minister Eveline Widmer-Schlumpf to finalise a tax treaty between the neighbouring countries. The agreement means that Austrians’ money in Switzerland would be charged with tax rates […]

Schieder relentless about tax on financial transactions

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Politics

A cross-country tax on financial transactions is anything but dead, Social Democratic (SPÖ) Finance Secretary Andreas Schieder has claimed. Schieder said today (Weds) that the Austrian government coalition of his faction and the conservative People’s Party (ÖVP) would keep up the pressure for the introduction of such a levy. He told the Kurier that the […]

Fekter under fire for fiscal warning

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Politics

The Social Democrats (SPÖ) and regional power brokers have attacked Maria Fekter. The People’s Party (ÖVP) finance minister announced yesterday (Mon) she wanted to sanction provincial governments which breached the harsh new budget rules. Fekter said the agreement between the federal government and the provinces should not expire in 2017. The SPÖ-ÖVP coalition wants to […]

EU rules prevent tax on financial transactions, says Karas

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Politics

Othmar Karas has claimed that there would already be a tax on financial transactions if the European Parliament (EP) had the final say. Karas – who heads the EP delegation of the Austrian People’s Party (ÖVP) – said today (Weds) current European Union (EU) regulations kept the union from acting efficiently. He told the Kurier […]