• croatiantimes.com
• romaniantimes.at
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

Today

• Vienna - VESCC English Catholic Mass
• Vienna - Unknown Underground
• Vienna - Cats
• Vienna - Andy Warhol
• Vienna - Laser Tag

© europics.at

04. 02. 10. - 16:00

• more Business news
• RSS Feed Business

04. 02. 10. - 16:00

Petroleum tax revenues at €3.8bn in 2009

The Finance Ministry received 3.8 billion Euros in revenue from the petroleum tax last year, according to car club Arbö.

Arbö manager Leo Musil added today (Thurs) that the ministry had received a total of 34.12 billion Euros in revenue from the tax during the last 10 years and so there was no reason for "capricious imposition of new taxes."

He was referring to talk of an increase in the tax in the framework of a new national energy strategy.

The petroleum tax is a tax on each litre of car fuel. The tax amounts to 44.7 cents on each litre of Eurosuper and 34.2 cents on each litre of diesel.

The Economy Chamber’s (WKO) energy providers division expressed its opposition to an increase in the tax today.

It said so-called "tank tourism" in which foreign drivers enter Austria to purchase cheaper fuel not only helped the Austrian economy but contributed an extra one billion Euros to state coffers.

But a top economic think tank has backed higher taxes on energy.

Institute for Economic Research (Wifo) official Margit Schratzenstaller said earlier this week that Wifo supported higher taxes if efforts to consolidate the budget through capping expenditures failed.

Karl Bruckner from the business trustees’ chamber added that higher energy taxes would constitute an incentive for investment in energy saving. He said 5.9 per cent of Austrian tax revenue had come from energy taxes in 2006, compared to an EU average of 6.4 per cent.

People’s Party (ÖVP) spokesman Günter Stummvoll, however, said he remained opposed to tax increases as part of budgetary consolidation.

Stummvoll also claimed that ÖVP Economy Minister Reinhold Mitterlehner’s calls for a higher tax on petroleum products was based on "ecological grounds" rather than on the need to deal with "deficit financing."

Mitterlehner called last month for taxes to have an ecological focus.

Austrian Times

Related articles: political scandals

1. Coalition accelerates anti-corruption ambitions

   » General News 2012-05-24

   The government is intensifying its attempts to pass a transparency package in parliament.

2. Army pays 2,000 staff for being idle

   » General News 2012-05-23

   The pressure on Social Democratic (SPÖ) Defence and Sport Minister Norbert Darabos is increasing as a new Audit Office (RH) examination indicates a waste of taxpayers’ money by the army.

3. Foul-mouthed MPs might face fines

   » General News 2012-05-23

   Fritz Neugebauer has started another attempt to introduce a system of fees for abusive parliament delegates (MPs).

more related articles tagged "political scandals"

Related articles: crisis

1. Coalition accelerates anti-corruption ambitions

   » General News 2012-05-24

   The government is intensifying its attempts to pass a transparency package in parliament.

2. Pecik defends TA engagement

   » Business 2012-05-24

   Telekom Austria (TA) investor Ronny Pecik has declared himself a team player.

3. IV demands focus on industry in crisis

   » Business 2012-05-24

   The general secretary of the Federation of Austrian Industries (IV) has appealed on Europe’s political leaders to strengthen the continent’s industry.

more related articles tagged "crisis"

Related articles: business scandals

1. Coalition accelerates anti-corruption ambitions

   » General News 2012-05-24

   The government is intensifying its attempts to pass a transparency package in parliament.

2. Pecik defends TA engagement

   » Business 2012-05-24

   Telekom Austria (TA) investor Ronny Pecik has declared himself a team player.

3. Petrol traders plan legal action

   » Business 2012-05-17

   The domestic mineral oil industry plans to sue the government about plans to set up a tool regulating fuel prices.

more related articles tagged "business scandals"

Turks flattened by lone asylum seeker
A furious Nigerian went on the rampage at a refuge for asylum seekers in Leibnitz, attacking several people and damaging property.

Woman bites toddler
A woman who bit a two-year-old tot during a road rage row with her mother is being quizzed by police in Wiener Neustadt, Austria.

New Dany Boon comedy to be filmed in Austria
The French film star Dany Boon, one of the highest paid actors in Europe after his hit film "Welcome to the Sticks", is filming in Salzburg.

China meets Hallstatt
After a long time of speculation and anticipation the exact copy of Austrian world heritage village of Hallstatt-Dachstein in China will be unveiled, and there will be real-life Austrians present for the ceremony.

Skier in court after accident
A man from Graz is in court today accused of having inflicted negligent injury upon a five-year-old when skiing in Carinthia last year.

Two fires in Ottakring claim one life
Two fires started on Thursday evening in the Vienna district of Ottakring, one of which claimed a man’s life. Several people were evacuated as a result of the two blazes.

Cows zapped to death by lightning
Four cows were zapped to death after a lightning strike hit the barbed wire fence they were leaning on in Reith im Alpbachtal, Austria.

Wolf babies born in Schönbrunn
These cuddly Artic wolf cubs have got every right to look a bit frosty - after they emerged into the world for the first time in the middle of a 27 degree heatwave.

Cleaned Out
A Hungarian cleaning woman who stole tens of thousands of pounds worth of antique jewellery from an Austrian Countess and then sold it for "pocket money" unaware of its real value has been jailed by a court in Austria.

Great expectations for summer tourism season in Vorarlberg
The Vorarlberg tourism industry is currently riding high after a record breaking winter season, and the summer season is expected to follow that same trend.

Jobs in Austria