Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/wfo/wblltn/y2015i20p222-237.html
   My bibliography  Save this article

The Tax Reform 2015-16 – Measures and Overall Assessment

Author

Listed:
  • Margit Schratzenstaller-Altzinger
Abstract
Most of the measures announced under the heading of the tax reform 2015-16 will take effect in 2016. By 2017, the overall impact of the reform will result in a revenue loss of € 5.2 billion or 1.4 percent of GDP. The key element is an adjustment of the income tax schedule that will reduce wage and income tax revenues by € 4.35 billion. Moreover, the negative tax will be extended for employees and newly introduced for old-age pensioners, self-employed persons and farmers. The transport tax credit and the child allowance will be raised and the commuter subsidy for low-wage earners increased. Companies and entrepreneurs will benefit from some minor tax relief measures. The reform is to be financed mostly by measures to combat tax fraud, by the abolition of exemptions in income tax and VAT, and by a higher withholding tax on dividends and capital gains from the sale of real estate. In addition, spending cuts in the federal and the state government budgets and the expected positive effects on growth shall ensure that the impact of the 2015-16 tax reform on the general government balance be neutral in the medium term.

Suggested Citation

  • Margit Schratzenstaller-Altzinger, 2015. "The Tax Reform 2015-16 – Measures and Overall Assessment," WIFO Bulletin, WIFO, vol. 20(20), pages 222-237, December.
    • Handle: RePEc:wfo:wblltn:y:2015:i:20:p:222-237
    as

    Download full text from publisher

    File URL: https://www.wifo.ac.at/wwa/pubid/58372
    File Function: abstract
    Download Restriction: Payment required
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Christine Mayrhuber & Silvia Rocha-Akis & Christine Zulehner, 2014. "Verteilungseffekte einer Änderung der Abgabenbelastung geringer Erwerbseinkommen in Österreich. Ergebnisse einer Mikrosimulation," WIFO Monatsberichte (monthly reports), WIFO, vol. 87(11), pages 767-781, November.
    2. Margit Schratzenstaller-Altzinger, 2015. "Family Benefits in Austria – An Overview," WIFO Bulletin, WIFO, vol. 20(14), pages 156-165, September.
    3. Giacomo Corneo, 2005. "The Rise and Likely Fall of the German Income Tax, 1958–2005," CESifo Economic Studies, CESifo Group, vol. 51(1), pages 159-186.
    4. Jens Lemmer, 2014. "Indexierung der Einkommensbesteuerung im internationalen Vergleich," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 94(12), pages 872-878, December.
    5. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "The Austrian Tax System – Status Quo," WIFO Bulletin, WIFO, vol. 20(5), pages 55-71, April.
    6. Viktor Steiner & Florian Wakolbinger, 2015. "Steuerreform 2015/16 und kalte Progression 2010/2019. Eine Mikrosimulationsanalyse für Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 425-430, May.
    7. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "Das österreichische Abgabensystem – Status-quo," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(2), pages 109-126, February.
    8. Josef Baumgartner & Serguei Kaniovski, 2015. "Steuerreform 2015/16 – Gesamtwirtschaftliche Wirkungen bis 2019," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 399-416, May.
    9. Gaëlle Garnier & Endre György & Kees Heineken & Milena Mathé & Laura Puglisi & Savino Ruà & Agnieszka Skonieczna & Astrid Van Mierlo, 2014. "A wind of change? Reforms of Tax Systems since the launch of Europe 2020," Reflets et perspectives de la vie économique, De Boeck Université, vol. 0(2), pages 75-111.
    10. Josef Baumgartner & Serguei Kaniovski, 2015. "The Tax Reform 2015-16 – Macroeconomic Effects up to 2019," WIFO Bulletin, WIFO, vol. 20(22), pages 250-265, December.
    11. Peter Brandner, 2015. "Anmerkungen zur kalten Progression und ihrer Berechnung," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 463-471, May.
    12. Simon Loretz, 2015. "Anteil der kalten Progression an der gesamten Lohnsteuerprogression in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 431-437, May.
    13. Michael Christl & Dénes Kucsera, 2015. "Gleicht die Steuerreform 2015/16 die kumulierte Wirkung der kalten Progression aus?," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 447-453, May.
    14. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "Das österreichische Abgabensystem – Reformperspektiven," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(2), pages 127-135, February.
    15. Anton Rainer, 2015. "Zur Aufkommenswirkung der kalten Progression seit 2000," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 439-445, May.
    16. Margit Schratzenstaller-Altzinger, 2015. "Familienpolitische Leistungen in Österreich im Überblick," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(3), pages 185-194, March.
    17. Paul Eckerstorfer & Friedrich Sindermann, 2015. "Zur Messung der Wirkungen der kalten Progression seit der Steuerreform 2009. Ein Kommentar," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 455-461, May.
    18. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "The Austrian Tax System – Perspectives for Reform," WIFO Bulletin, WIFO, vol. 20(6), pages 72-79, April.
    19. Silvia Rocha-Akis, 2015. "The Distributional Effects of the 2015-16 Tax Reform," WIFO Bulletin, WIFO, vol. 20(21), pages 238-249, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Margit Schratzenstaller-Altzinger, 2016. "Fiscal Policy Facing Major Challenges with Tax Reform, Need for Growth-Enhancing Investment and Consolidation Targets. Federal Fiscal Framework 2016-2019 and Draft Federal Budget 2016," WIFO Bulletin, WIFO, vol. 21(2), pages 12-29, February.
    2. Margit Schratzenstaller-Altzinger, 2017. "Fiscal Policy Facing Manifold Challenges. Federal Fiscal Framework 2017-2020 and Draft Federal Budget 2017," WIFO Bulletin, WIFO, vol. 22(7), pages 58-72, July.
    3. Morgan Richards-Melamdir, 2021. "Can Progressive Taxation Address Gender Inequality in Income? Cross-National Evidence of Gender Differences in Income Tax Payment Patterns and Post-Tax Income," LIS Working papers 816, LIS Cross-National Data Center in Luxembourg.
    4. Thomas Url, 2017. "Private Insurance Premium Income Declined in 2016," WIFO Bulletin, WIFO, vol. 22(14), pages 133-142, September.
    5. Josef Baumgartner & Serguei Kaniovski, 2015. "The Tax Reform 2015-16 – Macroeconomic Effects up to 2019," WIFO Bulletin, WIFO, vol. 20(22), pages 250-265, December.
    6. Michael Christl & Monika Köppl-Turyna & Dénes Kucsera, 2017. "A Tax-Benefit Model for Austria (AUTAX): Work Incentives and Distributional Effects of the 2016 Tax Reform," International Journal of Microsimulation, International Microsimulation Association, vol. 10(2), pages 144-176.
    7. Silvia Rocha-Akis, 2015. "The Distributional Effects of the 2015-16 Tax Reform," WIFO Bulletin, WIFO, vol. 20(21), pages 238-249, December.
    8. Gerhard Streicher, 2015. "Using the FIDELIO Model to Estimate the Effects of the Tax Reform 2015-16 on Net Output," WIFO Bulletin, WIFO, vol. 20(23), pages 266-272, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Margit Schratzenstaller-Altzinger, 2016. "Fiscal Policy Facing Major Challenges with Tax Reform, Need for Growth-Enhancing Investment and Consolidation Targets. Federal Fiscal Framework 2016-2019 and Draft Federal Budget 2016," WIFO Bulletin, WIFO, vol. 21(2), pages 12-29, February.
    2. Margit Schratzenstaller-Altzinger, 2017. "Fiscal Policy Facing Manifold Challenges. Federal Fiscal Framework 2017-2020 and Draft Federal Budget 2017," WIFO Bulletin, WIFO, vol. 22(7), pages 58-72, July.
    3. Peter Brandner, 2015. "Anmerkungen zur kalten Progression und ihrer Berechnung," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 463-471, May.
    4. Alois Guger & Silvia Rocha-Akis, 2016. "Umverteilung durch den Staat in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 89(5), pages 329-345, May.
    5. Spyros Arvanitis & Michael Peneder & Christian Rammer & Tobias Stucki & Martin Wörter, 2016. "The adoption of green energy technologies: The role of policies in an international comparison," KOF Working papers 16-411, KOF Swiss Economic Institute, ETH Zurich.
    6. Rammer, Christian & Gottschalk, Sandra & Peneder, Michael & Wörter, Martin & Stucki, Tobias & Arvanitis, Spyros, 2017. "Does energy policy hurt international competitiveness of firms? A comparative study for Germany, Switzerland and Austria," Energy Policy, Elsevier, vol. 109(C), pages 154-180.
    7. Spyros Arvanitis & Michael Peneder & Christian Rammer & Tobias Stucki & Martin Wörter, 2016. "How Different Policy Instruments Affect the Creation of Green Energy Innovation: A Differentiated Perspective," KOF Working papers 16-417, KOF Swiss Economic Institute, ETH Zurich.
    8. Wifo, 2015. "WIFO-Monatsberichte, Heft 5/2015," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), May.
    9. Gerhard Streicher, 2015. "Using the FIDELIO Model to Estimate the Effects of the Tax Reform 2015-16 on Net Output," WIFO Bulletin, WIFO, vol. 20(23), pages 266-272, December.
    10. Margit Schratzenstaller-Altzinger, 2015. "Steuerreform 2015/16 – Maßnahmen und Gesamteinschätzung," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 371-385, May.
    11. Claudia Kettner-Marx & Simon Loretz & Margit Schratzenstaller-Altzinger, 2021. "Steuerreform 2022/2024 – Maßnahmenüberblick und erste Einschätzung," WIFO Monatsberichte (monthly reports), WIFO, vol. 94(11), pages 815-827, November.
    12. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "The Austrian Tax System – Perspectives for Reform," WIFO Bulletin, WIFO, vol. 20(6), pages 72-79, April.
    13. Josef Baumgartner & Sandra Bilek-Steindl & Serguei Kaniovski & Hans Pitlik, 2016. "Moderate Economic Growth – Unemployment Remaining High. Medium-term Forecast for the Austrian Economy Until 2021," WIFO Bulletin, WIFO, vol. 21(19), pages 185-201, December.
    14. Angela Köppl & Margit Schratzenstaller-Altzinger, 2015. "Das österreichische Abgabensystem – Reformperspektiven," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(2), pages 127-135, February.
    15. Josef Baumgartner & Marian Fink & Caroline Moreau & Silvia Rocha-Akis & Sarah Lappöhn & Kerstin Plank & Alexander Schnabl & Klaus Weyerstrass, 2020. "Wirkung der wirtschaftspolitischen Maßnahmen zur Abfederung der COVID-19-Krise. Mikro- und makroökonomische Analysen zur konjunkturellen, fiskalischen und verteilungspolitischen Wirkung," WIFO Studies, WIFO, number 66958.
    16. Josef Baumgartner & Serguei Kaniovski, 2016. "Update of the Medium-term Forecast for the Austrian Economy from 2016 to 2020," WIFO Bulletin, WIFO, vol. 21(6), pages 58-64, June.
    17. Margit Schratzenstaller-Altzinger, 2015. "Family Benefits and Family Policy in Selected European Countries," WIFO Bulletin, WIFO, vol. 20(15), pages 166-179, September.
    18. Josef Baumgartner & Serguei Kaniovski & Hans Pitlik & Margit Schratzenstaller-Altzinger, 2015. "Moderate Growth with High Unemployment. Medium-term Forecast for the Austrian Economy until 2020," WIFO Bulletin, WIFO, vol. 20(27), pages 303-319, December.
    19. Simon Loretz, 2015. "Anteil der kalten Progression an der gesamten Lohnsteuerprogression in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 88(5), pages 431-437, May.
    20. Baumann, Alexendra & Wohlrabe, Klaus, 2019. "Publikationen von Wirtschaftsforschungsinstituten im deutschsprachigen Raum - Eine bibliometrische Analyse [Publications of Economic Research Insitutes in the German Speaking Area - A bibliometric ," MPRA Paper 92240, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wfo:wblltn:y:2015:i:20:p:222-237. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Mayr (email available below). General contact details of provider: https://edirc.repec.org/data/wifooat.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.