A conservative politician has started a countrywide debate by suggesting that people should be ordered to pay a charge after leaving the Church. Maximilian Hiegelsberger of the People’s Party (ÖVP) said earlier this week that Austrians who decided to cancel their membership in the Roman Catholic Church could be asked to transfer a certain sum […]
Parliament speaker Barbara Prammer has branded suggestions to restore the state budget without any tax increases as “illusory”. The Social Democrat (SPÖ) – who reportedly considers running for president in 2016 – told the Kurier that “the weak have to be protected”. Prammer stressed she did not want to give her point of view on […]
An increase of taxes on assets will not help lower the state debt, according to a survey. Researchers of Salzburg University – who cooperated with a tax consultant office to conduct their investigation – said yesterday (Weds) raising Austria’s comparably low taxation rate on assets would not significantly support the government in its current attempt […]
Social Democratic (SPÖ) General Secretary Laura Rudas has defended her party’s intention to increase taxes. The SPÖ wants to raise some taxation rates to restore the budget while its coalition partner, the conservative People’s Party (ÖVP), expressed the intention to concentrate on lowering investments. Rudas said today (Weds) “all experts” were of the opinion that […]
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 […]
Moody’s has confirmed Austria’s credit rating. The influential rating agency said on Friday it decided not to lower the country’s rating from the best-possible grade of AAA. Moody’s added that it did not touch the Austrian economy’s outlook either. The rating agency explained Austria’s economy was doing well thanks to its muscular export industry. Moody’s […]
Alliance for the Future of Austria (BZÖ) boss Josef Bucher has labelled the government’s debt limit bill a “placebo brake” as chances for an accord between the coalition and one of the parliament’s three opposition parties are decreasing. The right-winger said today (Thurs) he was willing to fight for an agreement until Monday but also […]
People’s Party (ÖVP) Vice Chancellor Michael Spindelegger has warned it would be a “disaster” if Austria lost its AAA credit rating. Austria’s soundness is currently given the best-possible rating by the world’s leading credit rating agencies, Moody’s, Standard & Poors (S&P) and Fitch. Economist Bernhard Felderer recently warned that they could downgrade their outlook for […]
The government’s debt brake bill might not become a constitutional law. Social Democratic (SPÖ) Chancellor Werner Faymann said today (Fri) he was ready to prepare a regular law instead of trying to add the debt limit to the constitution if the opposition kept refusing support. The coalition of SPÖ and the People’s Party (ÖVP) needs […]
Social Democratic (SPÖ) Traffic Minister Doris Bures may be forced to pull the plug on an extensive railway infrastructure project. Bures said in September that 100 train stations all over Austria would be renovated by 2014. The infrastructure minister also presented plans to improve the country’s railroad network in the coming years. The People’s Party […]