The Tax Reform 2004-05 – Measures and Macroeconomic Effects
AbstractThe tax reform 2004-05 includes tax cuts within income taxation (€ –2.2 billion) and corporate taxation (€ –1.1 billion) as well as increases of several excise taxes (€ +232 million). It is realised in two steps: the first tax reform package, taking effect in 2004, was adopted by the Austrian Parliament in June 2003, and reduces the tax burden by almost € 0.5 billion. The measures of the second package, which are worth about € 2.5 billion, were adopted in May 2004, and will mostly be implemented in 2005. The total volume of the tax reform 2004-05 reaches about € 3 billion (1.2 percent of GDP) from 2007 on. The tax reform is an important element within the government's long-term strategy to bring the tax ratio down to 40 percent of GDP. According to the current Austrian Stability Programme, the tax reform will decrease the tax ratio from 43.2 percent in 2003 to 41.9 percent of GDP in 2007.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by WIFO in its journal WIFO-Monatsberichte.
Volume (Year): 77 (2004)
Issue (Month): 8 (August)
Postal: Austrian Institute of Economic Research Publikationsverkauf und Abonnentenbetreuung Arsenal, Objekt 20 A-1030 Vienna/Austria
Other versions of this item:
- Fritz Breuss & Serguei Kaniovski & Margit Schratzenstaller, 2004. "The Tax Reform 2004-05 – Measures and Macroeconomic Effects," Austrian Economic Quarterly, WIFO, vol. 9(3), pages 127-142, August.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Margit Schratzenstaller & Andreas Wagener, 2009. "The Austrian income tax tariff, 1955–2006," Empirica, Springer, vol. 36(3), pages 309-330, August.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ilse Schulz).
If references are entirely missing, you can add them using this form.