NoVA increase and commission plans for a ban on combustion damage Austria as a location – tax policy measures necessary to strengthen the economy
Linz (OTS) – The Upper Austrian Deputy Governor and Deputy Federal Party Chairman of the FPÖ, Dr. Manfred Haimbuchner, on the occasion of the increase in the standard consumption tax planned by the federal government, said: “The increase in the NoVA is another link in the chain of anti-industrial and business-friendly measures that bind Austria as a location. I very much welcome the fact that BMW has announced that it will relocate the production of internal combustion engines to Austria. But such profits for our country will become even rarer in the future and at some point will not materialize if the federal government maintains its current course and, for example, makes the sale of combustion engines as unattractive as possible. That the Greens don’t understand that makes sense to me, but I would have expected more foresight from the ÖVP in this regard. “****
In this context, Haimbuchner also criticizes the EU Commission’s plans for the Euro 7 car emissions standard, which will result in the end of the internal combustion engine and the loss of hundreds of thousands of jobs in the industry. This will deal a serious blow to the competitiveness of the European economy.
Tax equality of equity and debt required
In order to strengthen the Austrian economy and also to increase the resilience of individual companies and businesses to crises, Haimbuchner calls for equity and debt capital to be equalized in tax terms. The use of borrowed capital for project financing is currently more popular than that of equity, since interest expenses for borrowed capital are tax deductible as operating expenses and this creates a tax advantage over the use of equity. “The cross-sectoral high proportion of outside capital at Austrian companies ensures that in difficult economic times, corporate profits may not be sufficient to service existing loans and that banks do not issue new loans. Companies thus quickly slide into a financial downward spiral from which they can no longer get out. Making equity formation more attractive would therefore be a sensible and effective measure to strengthen the economy and our companies, ”concluded the Deputy Federal Party Chairman.
Inquiries & contact:
FPÖ regional group Upper Austria
Birgitt Thurner, State Press Officer
0732/736426 – 31 FAX: DW 15, Mobile: 0664/9072221
birgitt.thurner@fpoe.at
www.fpoe-ooe.at
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