Chamber of Commerce Upper Austria: Tax reform for saving the companies required

Chamber of Commerce Upper Austria: Tax reform for saving the companies required

In Upper Austria, many companies face serious challenges, since the region is still in a recession. Chamber of Commerce President Doris Hummer emphasizes the urgency of a change in tax policy in order to relieve the companies and boost the economy again. This situation affects not only large companies, but also one-man companies as well as small and medium-sized companies that already suffer from the current framework.

The demand for a reduction in bureaucracy is getting louder and louder. Many companies are forced to close their gates, which triggers concern in the entire industry. A more flexible tax system could help alleviate the economic stress and strengthen the competitiveness of Upper Austria.

economic situation in Upper Austria

The current economic situation in Upper Austria lets the alarm bells ring. The decline in start -ups and the closures of existing companies are signs of the difficulties with which the local economy is confronted. Doris Hummer has emphasized several times that without a fundamental reform of tax policy it will not be possible to support the companies. The Chamber of Commerce calls for measures that take into account both large companies and smaller companies equivalent.

This urgency is underpinned by current market analyzes, which provides that the bureaucratic hurdles not only hinder the establishment of new companies, but also slow down the growth of existing companies. A simplification of the bureaucratic processes could help to concentrate on their core business instead of struggling with unnecessary administrative tasks.

"Upper Austria has the potential to be an economic flagship region, but we need the right framework," emphasizes Hummer and refers to the need to reduce total profit and tax barriers.

The solution to the problems mentioned could be a significant difference for the regional economy by giving companies the opportunity to develop and thus create jobs.

If you want to learn more about the topic, find detailed information and other arguments in the reports of the Chamber of Commerce OÖ .