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Poland should mull easing tax burden on corporate loan books

Staff writer |
Poland should consider diversifying its new bank tax to ease the burden on corporate loan books, Development Minister Mateusz Morawiecki suggested during a seminar.

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"From my point of view, since there should be a lesser need for supporting consumption and a stronger need for supporting investments, I would see lower burdens on loans for companies," Morawiecki said, adding that a review of the effects of Poland's new taxes should come as soon as possible.

Poland's tax on select financial institutions will tax bank assets with exception of Treasuries, with a rate of 0.44% annually. The tax is to be implemented as of February.

Poland is also planning to tax large retailers, but details of the proposal are yet unknown.

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