Austria’s Kogler Seeks Inheritance Tax to Fund Virus Damage: TT

Austrian Vice Chancellor Werner Kogler hopes for a rethink of an inheritance tax to fund the economic recovery following the coronavirus epidemic, according to an interview in Tiroler Tageszeitung.

• “I do hope that the corona-shock will lead to a rethink in Austria,” Kogler is quoted as saying. “Taxing large wealth transfers is reasonable because it doesn’t hurt economic growth and is a fair contribution to funding the aftermath after the crisis.”
• NOTE: Inheritance tax opponents have included Chancellor Sebastian Kurz’s conservative People’s Party
• NOTE: Austria Sets Aside Aid Worth 10% of Output to Save Economy (1) (March 18)

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Boris Groendahl in Vienna at bgroendahl@bloomberg.net

To contact the editors responsible for this story:
Chad Thomas at cthomas16@bloomberg.net

Matthias Wabl

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