Ship must not sink, Wallner warns

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Politics

The new governor of Vorarlberg has criticised the government for its “politics of announcements”. Markus Wallner of the People’s Party (ÖVP) – who succeeded Herbert Sausgruber as head of the western province in December 2011 – said yesterday (Thurs) the federal government coalition of Social Democrats (SPÖ) and ÖVP must reset its course. He appealed […]

Government defends tax on financial transactions project

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Politics

The government wants to keep campaigning for a tax on financial transactions despite the German government’s policy shift. German Christian Democratic Union (CDU) Finance Minister Wolfgang Schäuble said earlier this week the attempts to implement such a levy in the European Union (EU) should be abandoned. Schäuble said there was a lack of support in […]

Kaltenegger wipes away land tax calls

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Politics

People’s Party (ÖVP) general secretary Fritz Kaltenegger has ruled out higher real estate taxes as the budget debate intensifies.Kaltenegger said today (Fri) his party opposed an increase of land tax from next year. His pledge comes days after several economists and the ÖVP’s coalition partner, the Social Democrats (SPÖ), called for an open discussion over […]

Austrian woes and warnings over Hungarian bank tax plans

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Finance

Hungary is “playing with fire,” Raiffeisenzentralbank (RZB) boss Walter Rothensteiner has warned as the country plans to go ahead with introducing a bank tax.Hungarian Fidesz National Economy Minister György Matolcsy said after meeting with Austrian People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner today (Mon) his party would press on with setting up the controversial tax.The […]