Banks at the center of politics. We’re talking about capital gains tax. And a first lawsuit is pending from the Association for Consumer Information (VKI) – on behalf of the green minister of Social Affairs. What the Turkish coalition partner says about the chances of such a lawsuit and what speaks for and against a bank tax: the ‘Krone’ analyses.
The story is simple: banks bring in profits, but good savers get little or none of it. Bank Austria has a clause that guarantees 0.0 percent on balances. The VKI is therefore instituting summary proceedings. It could be the start of a series of lawsuits. “These are illegal trade practices,” said Social Affairs Minister Johannes Rauch.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
