Friday, 27. February 2015
12. 02. 14. - 14:00
Vienna-based Erste Bank has hit back against tax burdens for Austrian banks after seeing their profits decline by 88% last year.
In a statement released yesterday, Erste Bank announced that their total income had fallen from 483.5 million euros in 2012 to just 60 million euros last year.
Struggling economies in eastern European countries are putting the pressure on the Austrian bank. Erste is also not able to realise as much as profit due to banking levies in the country, they have said.
"This is directly related to the persistently high banking tax burden on the Austrian tax group as well as goodwill writedowns over the past years," the bank said in the statement.
The banking levy introduced in 2011 by Austria has received criticism from banks in the country who feel they are already under pressure from slow recovery conditions in Europe following the financial crisis.
An increase in the levy announced earlier this year as part of the coalitions tax package means it is due to raise just under 650 million Euros in 2014.
Skier Survived Almost Two Hours Buried Alive
A skier had a miracle escape after being buried under two metres of snow for nearly two hours during an avalanche in Austria, it was revealed last night.
Puppies Found Stuffed Inside Suitcase In Back Of Van
A litter of puppies destined for a dog farm was rescued after being found stuffed inside suitcases in the back of a van.
Kangaroo That Hopped It Spotted In Garden
Austrian police investigating reports of an escaped kangaroo have been given concrete proof after a local woman managed to photograph the animal in her back garden.
First Images Of Eurovision Stage
These are the first images of the design for the Eurovision Song Contest stage unveiled in the Austrian capital Vienna which is the home of last year's winner Conchita Wurst.
Russian Mafia Boss Nabbed At Vienna Railway Station
A Russian mobster wanted for a string of brutal murders was arrested in the gentile Austrian capital Vienna when commandos swooped as he went to buy a train ticket.
Teen Girls Arrested After Offering Themselves To IS Fighters
Austrian officials who recently cracked down on terrorism by arresting several people believed to be recruiting and fundraising for ISIS have revealed two more teenage girls tried to leave the country to marry terrorist fighters.
Ebola's deadly reach impacts Vienna student
Austria has yet to record its first case of Ebola, but the feared virus has already had a severe impact on the lives of Africans living in Vienna.
Grigorij Sokolov Works His Magic At Vienna Konzerthaus
Whilst the world-famous Wizard of Oz played at the Volksoper, there was another Wizard in the Konzerthaus giving his 16th performance in Vienna!
Penelope Cruz To Play The Ice Cream Killer
The memoirs of the woman dubbed the Ice Cream Killer after she shot dead two ex-lovers before hacking the bodies up with a chainsaw and telling neighbours the noise was a new ice cream machine are due to be turned into a blockbuster with Penelope Cruz playing the lead role.
Kid Left In Coma After Beaten By Teacher For Talking
This is the shocking image of a little Chinese girl before and after she was punished by her teacher - for talking in class.
The most popular stories –
last 7 days
|Lion Fed On Milk To Keep Him Small For Pictures|
|Putin Tigers No Longer Allowed To Roam Free|
|Death Penalty Debate After Assassins Kill Four Children|
|Jealous Boss Guns Down Ex Lover In Supermarket|
|Slovak Man With One Stone Tumour Gets Final Op|
Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.
Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.