How a special regulation in Austria became a tax gift for René Benko and Co

2024-01-17 16:46:00

A special regulation for social housing – the input tax deduction for real estate – became a legal subsidy for the wealthy. Not only around 5,000 luxury properties benefit from this.

It sounded like a huge scandal: Rene Benko, founder of the insolvent real estate group Signa, owes the state twelve million euros in VAT for the luxury villa he built above Innsbruck. The Neos suspected political cheating on the dedication, the Greens…

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