High taxes and levies, no repair bonus: As the car increasingly becomes the cash cow of the country, the domestic car trade is now testing its resilience. Adolf Seifried, spokesperson for the industry in Upper Austria, is aggressively supporting the car referendum and has broad support for it.
“Automotive referendum: 25% cost savings!” is written in large white letters on the note from the Mein Auto association, which Adolf Seifried also has on hand for professional appointments.
“I fully support the referendum. It is about the realization among political decision-makers that the car is not the cash cow of the country,” says the 50-year-old, spokesman for the car trade in Upper Austria, where, according to Seifried, there is a broad phalanx for the car referendum.
What does he mean by the dairy cow? “The taxes and fees on cars are excessively high,” said Seifried, who is also angry that people are also ignoring the repair bonus.
“Inflation drivers never stop”
And what about taxes? “Four years ago, NoVa was introduced for tax trucks that are eligible for input tax deductions. From 0 percent previously, the tax burden will increase to 80 percent on January 1. This is a never-ending driver of inflation. Because the butcher or baker who buys a new car has to cover the costs somewhere. This is crazy. The vehicle is a working tool.”
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.
