Title: The Austrian Tax System – Perspectives for Reform
Abstract:A key objective of a reform of the Austrian system should be the improvement of the structure. This includes a shift in the revenue composition away from certain bases (exoneration) towards other base...A key objective of a reform of the Austrian system should be the improvement of the structure. This includes a shift in the revenue composition away from certain bases (exoneration) towards other bases, implying their higher taxation. The latter should serve not only short-term counter-financing purposes to compensate revenue losses elsewhere. The guiding principle of forward-looking policy should rather be, starting from a long-term vision of a tax system 2025, to re-allocate in a series of steps the entire burden. The essence of such reform should be a relief of the high burden on labour, in particular for small and medium-size earnings, to be offset by hikes in environmental and certain property-based taxes, within the framework of a comprehensive socio-ecological reform design, supplemented by the abolition of exemptions notably in income and VAT. Independently from the issue of the structure, the overall burden can be lowered all the more, the more savings on the expenditure side can be achieved in parallel with the reduction in labour taxes.Read More
Publication Year: 2015
Publication Date: 2015-04-01
Language: en
Type: article
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Cited By Count: 1
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