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Austria Adds Carbon Levy, Trims Income Taxes in Coalition Deal

Oct. 3, 2021, 1:16 PM

Austria announced a complex set of tax measures, including a phased-in tax on carbon emissions and a gradual reduction of corporate and employee income taxes, as part of a deal between the ruling center-right and green parties.

The government’s 18 billion euro ($20.8 billion) package sets the economic agenda for the remainder of Chancellor Sebastian Kurz’s term.

It also forces Austrian households to assume part of the economic and environmental burden from emissions that contribute to climate change, including from driving cars and heating homes.

Read: Freud Country Debates Carbon-Tax Therapy to Ease Climate Anxiety

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