End the self-blockade of the financial administration – Now set the tax course for an economic restart
Linz (OTS) – “During the biggest crisis of the 2nd Republic, the Federal Minister of Finance is pushing through a tax office reform that leads to a self-blockade of the financial administration and as a result brings great financial disadvantages for both citizens and companies.” With these words, the Governor of Upper Austria comments. Deputy Federal Party Chairman of the FPÖ, Dr. Manfred Haimbuchner, the tax office reform currently being implemented. Haimbuchner continues:
“You can’t think of a worse time for such a reform and unfortunately this financial nonsense has very real effects for a lot of people and is by no means a niche topic.” ****
As a result of the change in the tax office structure, since December 11, 2020, it has no longer been possible to transfer credits to tax office accounts to citizens and entrepreneurs. Newly founded companies, for example, which have made high investments in operating and office equipment and have claimed input taxes for this, are particularly affected by these processes. These are posted to the tax office account, but not paid out.
The self-blockade caused by Finance Minister Blümel, however, also works in the other direction: Likewise, completed tax notices are currently not being sent, which means that tax claims by the republic cannot be collected. The taxpayers need planning security, however, and therefore tax debts should not be concealed by withholding notices, according to the governor’s deputy.
Haimbuchner literally: “The Ministry of Finance is preparing to steal the price, which was already believed to be safe, from the Ministry of Health as the most incompetent agency in the last few meters of 2020. Unfortunately the said price has to be paid by the citizens. “
Instead, Haimbuchner calls for a tax course to be set in the direction of the recovery of the economy after Corona and, in this context, renews his demand for tax equality of equity and debt capital. 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 quickly slide into a financial downward spiral from which they can no longer get out. Making equity capital more attractive would therefore be a sensible and effective measure to strengthen the economy and our companies. “
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
– .
