At present, COVID-19 is raging all over the world, which seriously affects the safety of human beings and the development of economy and society. As one of the founding countries of OECD, Austria is also in a tense situation. As of June 17, 2020, there were 17,117 confirmed cases, 16,099 cured cases and 687 people died in Austria. (Data source: Embassy of the People's Republic of China in The Republic of Austria)
From June 15 to 16, the Austrian government held an internal meeting on dealing with the economic crisis caused by the epidemic. During the meeting, the Austrian government adopted a series of economic stimulus plans totaling 50 billion euros , with "rescue, reduction of burden and investment" as the three points, including 38 billion euros for rescue and assistance measures as well as 12 billion euros for reduction of burden and investment measures.
In this situation, Ms. Ma Hongxiang, managing partner of My Associate, and Clemens Nowotny, international tax partner of LeitnerLeitner GmbH —— the largest tax firm in Austria, was invited by China International Tax Research Institute, to write an article of “ Economic and Tax Policies Carried out in Austria in Response to the COVID-19 Crisis” which was published on international tax section of “Belt and Road Initiative”. This article systematically expounds the rapid response and financial measures taken by Austria in the face of the strong impact of the COVID-19 epidemic in terms of “Crisis Management Fund”, “Employment-related Measures—Short-time Work”, ”Economic Stimulus Measures”, “Tax Relief Measures”, “Social Security Contributions” and “Measures on Federal State Level”.
The initial issue of “Belt and Road Initiative” focus on the theme of “ tax departments around the world fight against COVID-19”, showing countries and regions of “Belt and Road” and the other countries supporting the prevention and control of the epidemic and the economic and social development. It presents the classification and policy suggestions of experts and scholars on relevant tax policies and measures for collecting and managing. The Publication of “Belt and Road Initiative” is a historic start, indicating the beginning of the transformation of China's international tax perspective, from China to the world, from the present to the future, from the local to the global.