Tax reform policy in Austria

First looks at how Austria's tax system is positioned in international comparison in terms of total tax ratios and tax structures and briefly describes the discretionary tax measures that have been taken over the last 15 years. Then discusses the "great" tax reform of 2004/05 - the first stage that was implemented in 2004 and the second stage that will be implemented in 2005. Finally, provides perspectives on future tax policy developments and the need for further reform.