Austria's Kurz Plans $14 Billion of Tax Cuts to Boost Growth
- People’s Party wants to lower tax, contribution rate to 40%
- Kurz wants to reduce public debt to free funds for investments
This article is for subscribers only.
Sebastian Kurz, the conservative candidate in Austria’s October election, wants to jump start the economy by lowering taxes and other costs by at least 12 billion euros ($13.5 billion) a year to help companies invest and create jobs.
“Austria has lost ground as a business location in recent years,” the 30-year-old Kurz, who is now foreign minister, said in a telephone interview. “We need to reduce the tax and contribution rate at least to 40 percent from the current 43 percent.”