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Macroeconomic Effects of the Year-2000 Tax Reform

Author

Listed:
  • Fritz Breuss
  • Andrea Weber

    (WIFO)

Abstract

The year-2000 tax reform – together with the "family package" – will reduce the tax burden on private households and enterprises by ATS 32.5 billion on a medium-term basis. ATS 17 billion result from the loss of wage and income tax revenues due to the reform of the income tax-rate table, ATS 12 billion from additional transfer payments to families ("family package"), and ATS 3.5 billion from other measures taken to make Austria more attractive as a business location and to promote employment. Relative to the gross domestic product, this tax reform is more comprehensive than the 1989 and 1994 reforms. Its growth stimuli are derived, above all, from private consumption. Overall, the reform will result in a medium-term growth of GDP by 0.4 percent on a cumulative basis by 2005.

Suggested Citation

  • Fritz Breuss & Andrea Weber, 1999. "Macroeconomic Effects of the Year-2000 Tax Reform," Austrian Economic Quarterly, WIFO, vol. 4(3), pages 211-217, July.
    • Handle: RePEc:wfo:wquart:y:1999:i:3:p:211-217
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    References listed on IDEAS

    as
    1. Fritz Schebeck & Andrea Weber, 1999. "Austrian Economy Prepared for EMU. Medium-term Projection for the Austrian Economy Until 2002," Austrian Economic Quarterly, WIFO, vol. 4(1), pages 21-29, January.
    2. Alois Guger, 1998. "Verteilungswirkungen familienpolitisch motivierter Maßnahmen in Österreich," WIFO Monatsberichte (monthly reports), WIFO, vol. 71(12), pages 873-886, December.
    3. Fritz Breuss & Fritz Schebeck, 1988. "Gesamtwirtschaftliche Effekte der Steuerreform 1988," WIFO Monatsberichte (monthly reports), WIFO, vol. 61(11), pages 623-633, November.
    Full references (including those not matched with items on IDEAS)

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