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. 

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75% MNB

Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%

Gov't Wants Sustainable Business Model for Magyar Posta Government

Gov't Wants Sustainable Business Model for Magyar Posta

Hungary, UAE Sign Defense Industry Agreement Deals

Hungary, UAE Sign Defense Industry Agreement

Hungary Launches HUF 15 bln Tourism Sector Support Program Tourism

Hungary Launches HUF 15 bln Tourism Sector Support Program

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.