Thousands of holidaymakers from northern England can now waltz away from Manchester on a direct flight to Vienna – the first flight from the country that takes off outside London. The first flight between the northern city and the Austrian capital took off last week on 2 May, just in time for the British May […]
Tag: taxes
Austria as an economic location is seriously under threat according to domestic business leaders. The warning comes after several banks indicated that they were considering moving their headquarters abroad because of the taxes they were having to pay in Austria, and only last week steel industry voestalpine boss Wolfgang Eder also said that the tax […]
130 million unclaimed by families
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Politicians have started a debate on what to do with 130 million euros of unclaimed cash put aside to help with the cost of childcare for families. The MPs are agreed that the money should go to families but are now debating how it could be used. The money was to cover the 2,300 euros […]
The feud of the government parties is intensifying after People’s Party (ÖVP) whip Karlheinz Kopf accused the chancellor of engaging in a class war. Kopf told the Kurier yesterday (Sun) that Werner Faymann would have to accept the main responsibility for a possible failure to agree to a savings package within the agreed deadline. Social […]
The Association of Austrian Taxpayers has spoken out against the creation of a list of tax dodgers. The organisation said yesterday (Weds) that a decision like that would mean a “step backwards” in modern civil society. It stressed that not everyone accused of tax evasion was a criminal. “Many people whose names may be found […]
AK calls for cooperation tax hike
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Labour Chamber (AK) President Herbert Tumpel has demanded higher corporation taxes. Tumpel said yesterday (Thurs) Austrian firms had handed over just 17 per cent in taxes in 2010 despite the mandatory 25 per cent taxation rate. He explained the investigated enterprises used various loopholes to evade worse tax burdens. The AK investigated the performance of […]
Raidl says income tax must drop
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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 […]
President’s tax appeal upsets ÖVP
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Federal President Heinz Fischer has been criticised for backing calls for higher taxes on assets. The former Social Democratic (SPÖ) member of the federal parliament (MP) said yesterday (Sun) he worried about the social peace and balance in the country. Fischer said he would like to put the opinion that Austria’s rich must not be […]
EVN turnover slides
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The turnover of electricity and gas provider EVN AG has dropped slightly, new figures show.The Lower Austrian company said today (Thurs) it achieved a turnover of 1.63 billion Euros in the first half of the 2010/2011 business year, 0.3 per cent less than in the same period of the previous business year.EVN added that its […]
Verbund turnover shoots up
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Verbund AG has achieved a better turnover and higher earnings.The company Austrias busiest energy provider said today (Thurs) its turnover rose by 13.8 per cent to 917.7 million Euros from the first quarter of last year to the same period of 2011. The firm added that earnings before interest and taxes (Ebit) jumped […]