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Business Climate: Coalition’s Internal Strife Fails to Deter Inward Investors

Business Climate: Coalition’s Internal Strife Fails to Deter Inward Investors

It has become fashionable among Austria's chattering classes to talk of the "Italianisation" of their country. However, politics continues to constrained by internal conflicts with government showing inadequate courage to take on new initiatives. Corruption is also on the rise. However, despite these barriers the business world continues to flourish. Taxand Austria gives its view on the business climate for foreign investors in Austria.

 

Taxand's Take


After a sharp decline in 2009, the rate of new companies going to Austria picked up again as investors recovered and funding became more available after the financial crisis. Investors have been encouraged as fears of an economic collapse in parts of central and eastern Europe have eased. Key pointers to bear in mind:

  • Small fiscal improvements could still be made
  • Focus is on agreeing tax deals to encourage wealthy eastern Europeans to relocate to Austria
  • Give investors informal guidance about their potential tax liabilities

Read the full article in the Financial Times

Your Taxand contact for further queries is:
Herta Vanas
T. +43 1 533 86 33 800
E. herta.vanas@taxand.at

Taxand's Take Author