January 2, 2020 / 3:53 PM / a month ago

Austrian coalition deal includes corporate tax rate cut to 21%: Kurz

Head of People's Party (OeVP) Sebastian Kurz delivers a statement in Vienna, Austria January 2, 2020. REUTERS/Leonhard Foeger

VIENNA (Reuters) - The Austrian coalition deal struck between conservatives led by Sebastian Kurz and the Greens includes cutting the corporate tax rate to 21% from 25%, Kurz said on Thursday.

The deal also includes cutting the rate for the first three income tax brackets to 20%, 30% and 40% from 25%, 35% and 42%, Kurz told a news conference with Greens leader Werner Kogler.

Reporting by Francois Murphy; Editing by Edmund Blair

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