40.6 percent: that’s the total amount of Austria’s taxes paid for by businesses.
That’s also the 5th highest business tax liability in the developed world according to a new OECD study: https://tax.foundation/2IHs0H4
40.6 percent is a sign that the Austria’s corporate tax system is uncompetitive and overly burdensome to employers.
40.6 percent means:
– Less investment
– Fewer jobs
– Slower economic growth
– Less prosperity
Learn more about how Austria’s business tax system compares and how businesses are central to government tax collections around the world.
Download our new guide: https://tax.foundation/2L4Iis5