“The focus is on promoting tax fairness and combating tax fraud, as well as strengthening legal certainty and protecting honest businesses from illegal and anticompetitive activities,” the ministry emphasized.
Crackdown on Illegal Gambling
In addition to tackling the fake companies, authorities are also targeting illegal gambling. The first quarter saw fines of around €750,000, marking a significant increase from €492,000 in the same period of 2023. The ministry attributed this rise to several major cases in the Salzburg area.
Conclusion
The Finance Ministry’s data underscores the escalating issue of fake companies in Austria. The introduction of a new anti-fraud law could be pivotal in reversing this trend and ensuring a fair and competitive business environment.
