In October of 1995, the Austrian federal government was not able to agree on a budget proposal for 1996; as a result, the coalition government broke up, and general elections were called for December 1995. A provisional budget will be in effect until the late winter or spring of 1996 when it might...

The advanced level of integration among EU member states, the single currency about to be introduced, global business activities and liberalization of the capital market are the prime movers in attempts to improve tax co-ordination within the EU. Efforts to reform taxes at national level, while...

One aim of the first phase of the tax reform coming into effect in 2004 is to strengthen the economic recovery. One of its elements is a tax relief granted for retained profits of non-incorporated firms to further the formation of equity capital. However, since small firms and firms with low...

The eastern enlargement of the European Union provides Austria with the opportunity to expand to the fullest its political and economic relations with neighbouring countries. For Austria's economy, the enlargement would open new avenues of economic development, but it would impose also greater...

Over the last sixty-eight years, WIFO has published the main results of its empirical work in the "Monatsberichte" in German language. In recent years, we noted an increasing interest from abroad on Austrian economic issues. At the same time, our own focus shifted or, more accurately, widened...

The next round of enlargement of the European Union will include a number of countries neighbouring Austria. Such a move may take effect in few years' time, when the current accession negotiations have been completed and their results ratified by the national parliaments. Accession to the EU by...