TAX WHAT YOU DON'T WANT, NOT WHAT YOU DO:

Austria's governing coalition announced tax reforms on Sunday including the introduction of a new carbon tax and declining health care contributions for low-income individuals which will help offset a reduction in the corporate tax.

At a news conference with several ministers from his cabinet, Austrian Chancellor Sebastian Kurz labeled the reforms "eco-social" and said the country is following the example of Germany in taxing carbon dioxide emissions.

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