Leitl: "Restructuring Instead of Cashing in"

More+ › Comment ♦ Published: March 6, 2013; 21:27 ♦ (Vindobona)

Christoph Leitl, head of WKO (Austrian Chamber of Commerce), dismisses further plans for a tax hike. The outcome would be fatal and the economy exposed to threats.

Leitl: "Restructuring Instead of Cashing in" / Picture: © Wirtschaftsbund / Christoph Leitl

The additional burden for Austrian enterprises and higher earners was in total € 8bn from 2010 to 2013.

Austria shows the highest tax and contribution ratio (currently at 43.6 %) compared to other OECD countries and it will augment further. Nonetheless, the Austrian economy had to carry this burden too. According to Leitl, taking responsibility in fiscal hindsight is necessary…

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WKO Austrian Federal Chamber of Commerce, Fiscal Policy, GDP Gross Domestic Product, Christoph Leitl, Denmark, Taxation, Social Policy, Education Policy, Labor Market Policy, Investments, Labor Market
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