Sure, but nobody in Austria wants to change that in order to improve the situation and make it attractive to skilled workers, high earners and investors both local and from abroad.
Ask on Austria subreddit and everyone thinks Austrian SW devs are overpaid and should be taxed even higher eve though a developer from Poland or even Romania or Bulgaria makes more than them, or unionized bus driver for the local public transport company makes as much as a SW dev while having better benefits and job security to boot.
Ask them if there should be any tax breaks for skilled foreigners to come here like in the NL and everyone will think you're crazy. People vote for worse conditions for foreigners and high earners out of spite and for as much welfare as possible for the idle and lazy who know how to work the system.
Given this, is it any surprise that no skilled foreigner with high earning potential wants to work in Austria? You reap what you saw. If you wage a pitches and forks which-hunt against skilled workers and high earners, but of course not on those with massive untaxed inherited wealth who pay zero taxes, that's what you get, an unsustainable Ponzi welfare and pension scheme that will collapse in the future.