Apr 7, 2015
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Reforms of the tax system: People with lower earnings will pay less income tax, with the initial income tax rate reduced from 36.5 percent to 25 percent.
The government has agreed on a plan for wide-ranging reforms of the tax system. People with lower earnings will pay less income tax, with the initial income tax rate reduced from 36.5 percent to 25 percent on yearly incomes under €18,000. The top tax bracket will increase to 55 percent, but only for those who earn more than €1 million a year. The reforms will come into force in 2016.
English: http://www.thelocal.at/20150317/austria-to-pass-tax-reforms-amid-protests
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.