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The Tax Reform 2015-16 – Measures and Overall Assessment

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  • Margit Schratzenstaller-Altzinger

Abstract

Most of the measures announced under the heading of the tax reform 2015-16 will take effect in 2016. By 2017, the overall impact of the reform will result in a revenue loss of € 5.2 billion or 1.4 percent of GDP. The key element is an adjustment of the income tax schedule that will reduce wage and income tax revenues by € 4.35 billion. Moreover, the negative tax will be extended for employees and newly introduced for old-age pensioners, self-employed persons and farmers. The transport tax credit and the child allowance will be raised and the commuter subsidy for low-wage earners increased. Companies and entrepreneurs will benefit from some minor tax relief measures. The reform is to be financed mostly by measures to combat tax fraud, by the abolition of exemptions in income tax and VAT, and by a higher withholding tax on dividends and capital gains from the sale of real estate. In addition, spending cuts in the federal and the state government budgets and the expected positive effects on growth shall ensure that the impact of the 2015-16 tax reform on the general government balance be neutral in the medium term.

Suggested Citation

  • Margit Schratzenstaller-Altzinger, 2015. "The Tax Reform 2015-16 – Measures and Overall Assessment," WIFO Bulletin, WIFO, vol. 20(20), pages 222-237, December.
    • Handle: RePEc:wfo:wblltn:y:2015:i:20:p:222-237
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    References listed on IDEAS

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    12. Simon Loretz, 2015. "Anteil der kalten Progression an der gesamten Lohnsteuerprogression in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 431-437, May.
    13. Michael Christl & Dénes Kucsera, 2015. "Gleicht die Steuerreform 2015/16 die kumulierte Wirkung der kalten Progression aus?," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 447-453, May.
    14. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "Das österreichische Abgabensystem – Reformperspektiven," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(2), pages 127-135, February.
    15. Anton Rainer, 2015. "Zur Aufkommenswirkung der kalten Progression seit 2000," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 439-445, May.
    16. Margit Schratzenstaller-Altzinger, 2015. "Familienpolitische Leistungen in Österreich im Überblick," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(3), pages 185-194, March.
    17. Paul Eckerstorfer & Friedrich Sindermann, 2015. "Zur Messung der Wirkungen der kalten Progression seit der Steuerreform 2009. Ein Kommentar," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 455-461, May.
    18. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "The Austrian Tax System – Perspectives for Reform," WIFO Bulletin, WIFO, vol. 20(6), pages 72-79, April.
    19. Silvia Rocha-Akis, 2015. "The Distributional Effects of the 2015-16 Tax Reform," WIFO Bulletin, WIFO, vol. 20(21), pages 238-249, December.
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    Cited by:

    1. Margit Schratzenstaller-Altzinger, 2016. "Fiscal Policy Facing Major Challenges with Tax Reform, Need for Growth-Enhancing Investment and Consolidation Targets. Federal Fiscal Framework 2016-2019 and Draft Federal Budget 2016," WIFO Bulletin, WIFO, vol. 21(2), pages 12-29, February.
    2. Margit Schratzenstaller-Altzinger, 2017. "Fiscal Policy Facing Manifold Challenges. Federal Fiscal Framework 2017-2020 and Draft Federal Budget 2017," WIFO Bulletin, WIFO, vol. 22(7), pages 58-72, July.
    3. Morgan Richards-Melamdir, 2021. "Can Progressive Taxation Address Gender Inequality in Income? Cross-National Evidence of Gender Differences in Income Tax Payment Patterns and Post-Tax Income," LIS Working papers 816, LIS Cross-National Data Center in Luxembourg.
    4. Thomas Url, 2017. "Private Insurance Premium Income Declined in 2016," WIFO Bulletin, WIFO, vol. 22(14), pages 133-142, September.
    5. Josef Baumgartner & Serguei Kaniovski, 2015. "The Tax Reform 2015-16 – Macroeconomic Effects up to 2019," WIFO Bulletin, WIFO, vol. 20(22), pages 250-265, December.
    6. Michael Christl & Monika Köppl-Turyna & Dénes Kucsera, 2017. "A Tax-Benefit Model for Austria (AUTAX): Work Incentives and Distributional Effects of the 2016 Tax Reform," International Journal of Microsimulation, International Microsimulation Association, vol. 10(2), pages 144-176.
    7. Silvia Rocha-Akis, 2015. "The Distributional Effects of the 2015-16 Tax Reform," WIFO Bulletin, WIFO, vol. 20(21), pages 238-249, December.
    8. Gerhard Streicher, 2015. "Using the FIDELIO Model to Estimate the Effects of the Tax Reform 2015-16 on Net Output," WIFO Bulletin, WIFO, vol. 20(23), pages 266-272, December.

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