2024-08-30 13:46:32
Taxation has naturally become a point of contention in the campaign that has already begun. One issue that is particularly ideologically evocative is corporate tax (KöSt). This proportion decreased from 25% to 23%. The SPÖ wants the cuts reversed, while the ÖVP and FPÖ want cuts. Harald Mahrer, chairman of the ÖVP Economic Association and Economic Chamber of Commerce, told Kronen Zeitung that he believed 15% was appropriate for a limited time.
KöSt is a tax on the income of companies and (capital) companies. It is known from the People’s Party’s electoral program that an automated system should be used to ensure that the OCO exchange rate is always at least 0.5% below the European average. “Reducing corporate tax to 15%, for a period of several years, is one such measure,” Mahler said on Friday on how to get companies into the country’s krona. No cost is required as new value and jobs are created.”
The Social Democrats want the increase to return to 25% to create space for counter-financing in the budget. According to the election manifesto, the Liberal Party favors “lowering corporate tax for small operating companies to 10%.” NEOS has always been open to lower taxes. The Greens support a gradual reduction of the vote to 23% with their larger Blue-Green coalition partners.
KöSt rates vary widely in Europe. From zero (Estonia) to 35% (Malta), anything is possible.
From the perspective of the Momentum Institute, which has close ties with trade unions and workers’ chambers, the already implemented reduction in capital gains tax from 25% to 23% will provide the state with annual revenue of about 1.2 billion euros. The reduction is also problematic in terms of distribution policy. The largest 5% of companies will benefit 75%. Some see the competition between EU countries based on the motto “who cuts more” as problematic as well.
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#parties #views #KöSt
