Austria : Bank levy reform set to include 1 bln eur bill for lenders
Mon Jul 11 2016
Austin Collins (258 articles)

Austria : Bank levy reform set to include 1 bln eur bill for lenders

VIENNA : Austria’s government is set to announce its bank levy reform on Tuesday, which will likely include a collective 1 billion euro ($ 1.1 billion) one-off bill to lenders in exchange for deducting Europe-wide dues from the national bank tax, sources said.

Two sources close to the negotiations, which are ongoing, said on Monday it was not yet clear how the roughly 1 billion euros, which represent around two years’ worth of Austria’s bank tax, would be staggered, if at all.

A third source close to the negotiations said 1 billion euros was the maximum amount banks had been willing to pay.

Austin Collins

Austin Collins

Austin Collins is our Europe, Asia, & Middle East Correspondent. He covers news related to Stock Market. In past he has worked for many prestigious news & media organizations. He is based in Dubai


Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.