Taxation in Austria

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Austria needs “tax reform – not tax cuts” to help eliminate its structural deficit in 2016, new Finance Minister Hans Joerg Schelling said on Tuesday, less than a week after his predecessor quit in a row over tax.

Luxembourg and Austria lifted their longstanding veto on a key EU law that will extensively bolster national governments’ ability to crackdown on tax cheats.

Member states will exchange more information about bank accounts.

Efforts to combat tax fraud and evasion in Europe have been held up by the Austrian finance minister as he will not agree to reforms to increase transparent tax reporting.

A clear majority or 58 percent of the Austrians interviewed said they supported abolishing the airline ticket tax. This was the conclusion of a representative survey of 1,000 Austrians carried out by the market research company GfK. 33 percent of the Austrians do not have a firm opinion on this issue, and only 9 percent […]

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