Poland state-owned firms may soon face additional tax, gov't spokesman says

World

The Polish government is looking into ways of increasing the tax burden for state-owned companies that note stronger profits owing to rising prices of commodities, the government spokesperson Piotr Müller said, according to a report by Polish news agency PAP.

Prime Minister Mateusz Morawiecki said last week that in the case of state-owned companies that have seen their profits rise, "we'll develop a mechanism for sharing their profits with citizens either through the regulator or the companies themselves, or we'll introduce a tax on extraordinary profits that gas and energy companies have enjoyed, similarly to what has happened in France, the UK or Spain."

Müller told the Polsat News television channel, as cited by the Polish Press Agency, that the government was analyzing "in what way and finally whether to introduce such measures," adding that such companies have "a huge portfolio of investments."

Müller said a decision on the matter can be expected by the end of August.

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