[

hans-peter haselsteiner

]
Austria is trying to free about 70 billion euros ($80 billion) of capital locked in a “golden cage” the country created a few decades ago.(File Photo/Representative Image)

Austria may set free $80 billion locked in a ‘golden cage’ decades ago

By Bloomberg
UPDATED ON DEC 01, 2018 04:51 PM IST
Created in 1993 to stop capital from fleeing, the Austrian trust variety known as Privatstiftung also attracted German wealth with its favorable tax rates and privacy.
Close
SHARE
Story Saved