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Europe Daily Bulletin No. 11140

27 August 2014
ECONOMY - FINANCE / (ae) austria
Finance minister resigns amidst tax reform criticism

Brussels, 26/08/2014 (Agence Europe) - Austrian Finance Minister Michael Spindelegger announced his resignation on Tuesday 26 August following criticism from the coalition government and his own party about his reluctance to introduce tax reforms.

Spindelegger agrees that tax reforms are needed to ease the burden on the tax-payer, but says they must be introduced at the right time. He disagrees with the Centre-Left chancellor, Werner Faymann, about how a reduction in income tax would be...