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Austrian Politics Headlines and Analysis

Solo attempt at transaction tax is possible says Chamber of Labour

"At purchase of every sausage roll a value-added tax is due, then why don’t financial speculators have to pay no sales tax for market transactions?

May 21, 2010

Mitterlehner - IMD-Ranking as a confirmation of Austria’s growth

Minister of Commerce Reinhold Mitterlehner welcomes the better position of Austria in IMD's ranking of Competitiveness.

May 21, 2010

Stock Exchange opposes government’s attempt policy regarding introduction of transaction tax

Austria Stock Exchange expresses vehement discontent with the Austrian government’s intention to introduce the transaction costs in a solo attempt.

May 20, 2010

Solo attempt as an infringement of regulation

It sounds uneventful, also hardly known by relevant experts however contains explosive substance in the context of the debated transaction tax.

May 20, 2010

Mitterlehner relaxed about Euro crisis

People’s Party (ÖVP) Minister Reinhold Mitterlehner has said he will "observe the Euro crisis in a relaxed manner for the next few weeks."

May 19, 2010

National Council pro "Euro security shield"

Social Democrats SPÖ, People Party ÖVP and Green Party members Van der Bellen and Moser vote pro coalition while the freedom party rejects the referendum.

May 19, 2010

Transaction tax - SPÖ plans a referendum

The Social Party Austria together with the German Social Party (SPD) plans to start a referendum on a financial transaction tax as well as financial regulation. It would constitute the first EU-referendum.

May 18, 2010

WIFO-head - transaction tax yes, but not solo

If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.

May 18, 2010

Transaction tax is favourable to bank tax according to WIFO

According to WIFO (Institute of economic research Austria) a financial transaction tax (TT) is favourable to a bank tax (BT) on multiple grounds.

May 17, 2010

Austrian health insurance sector recorded a small deficit

After last year’s surplus Austria’s 19 health insurance companies are expecting a minor deficit in 2010. According to May’s forecast a €11.8m decline is expected at an overall budget of 14.5 billion euros.

May 17, 2010