Reason: Austria removed its death duties.

Germanies answer to Austria: Germany is going to cancel its double-tax agreement with Austria which exists since 1954. German citizens should not be able anymore to “pay” death duties in Austria.

Germany want to prevent the drain of tax receipts. The agreement should be canceled at the end of the year.

Photographer: Vinicius Tupinamba | Agency: Dreamstime.com

Now enterprises from South Tyrol leaving Italy and moving to Austria. Reason: the taxes of Italy are too high.

The two most famous South Tyrolean enterprises who want to leave South Tyrol and move to Austria are Fercam and Salewa.

High taxes and extraordinary bureaucratic charges makes it more and more difficult for enterprises in Italy. Italian companies which are located close to the border of Austria, like the province of South Tyrol, have found a solution: they want to leave Italy and move to Austria.

The intended destination of those companies is the province of East Tyrol which belongs to Austria.

Logistics company Fercam made profit in the value of 4,2 mio EUR last year. 3 mio EUR of that sum was taken away for taxes. “This is too much”, says Fercam manager Thomas Baumgartner.

The minister president of South Tyrol is worried about such stories. He wants to go to the Roman parliament and beg for tax abatements for the enterprises of his province. Maybe that could change their mind to stay in Italy.