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Vienna, 12.02.2018 Austrian Finance Minister Löger against one-sided additional burden on net contributors In working discussions with European Commissioner Günther Oettinger,      Finance Minister Löger stresses Austria's position of not consenting to a general increase in EU contributions

Vienna (OTS) - "At present, we do not consider it very sensible to implement a general increase in EU contributions, as proposed by the European Commission. It would be much more logical, once the European Union becomes smaller after Brexit, to organize the EU along more economical and efficient lines. We must view the British exit as a moment to modernize the EU budget and create scope for the financing of new priorities. The EU should focus in future even more on key areas that generate clear European added value, such as security, combating the causes of migration, strengthening the competitive ability of the EU, digitalization, and the collective fight against tax fraud," declared Austrian Finance Minister Hartwig Lugar on the margins of his working meeting with European Commissioner Günther Oettinger.

In addition, Austrian Finance Minister Löger addressed the key focuses of the Austrian EU Council Presidency in the second half of 2018. The central issue for Finance Ministers will be the fight against tax fraud and tax avoidance practices. "In order to take yet more effective action against tax evasion, we primarily need international solutions. The European Union knows this too, and together with Austria, is actively campaigning for introduction of the Digital Office in order to ensure that profits of digital corporations are taxed in the place where relevant value added has been created," stressed Löger.