Austria plans investment subsidy, tax breaks for coronavirus-hit firms

ZURICH (Reuters) - Austria plans extra investment subsidies and tax breaks to help companies hit by the coronavirus pandemic, Economy Minister Margarete Schramboeck said on Sunday. The government said on Friday that Austria, which has had more than 17,000 confirmed coronavirus cases and 677 reported deaths, plans to cut value-added tax for restaurants and the culture sector to 5% until the end of the year to help them cope.