Austria published draft legislation to increase the tax rate for the special bank levy to 0.09% for assets above EUR 1 billion and 0.11% for those above EUR 20 billion. The draft, which has yet to be agreed upon in parliament, also includes other proposals to increase tax rates for alcohol, tobacco (cigarettes) and cars. Austria introduced this special bank levy in 2011 to help pay for support to the banking sector after the global financial crisis. Banks have complained that the levy restricts their profits at a time when they need to build up capital.
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Azerbaijan: 2013 Tax Revenues
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