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Tax havens must be abolished to release more funds to fight epidemic, says Poland

Christian Fernsby |
Poland is appealing for the eradication of tax havens in order to make more funds available in the budgets of the European Union and other countries to fight the coronavirus spread, Polish PM Mateusz Morawiecki said in the lower house.

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Topics: TAX    POLAND   

"We want the world to eliminate tax havens," Morawiecki said.

According to him, "tax havens are a great loss of funds for all countries, both richer and poorer", and these funds could be used in the efforts to contain the pandemic.

The epidemic has hit the foundations of global economy, in particular Western European economies, Morawiecki said. In his view, the European Union must return to such ideas as the digital tax, carbon footprint tax, financial transaction tax, single market tax, and tax on large international corporations. Thanks to this, the EU budget could receive tens of billions of new funds every year to fight coronavirus, he said.

The prime minister added that Poland supports the idea of the EU issuing so-called corona bonds, so that the new funding could serve in the fight against the virus.

Presenting information on the epidemiological situation in the country, Morawiecki said that everything must be done to build a new model of economic life, to permit the economy to suffer as little as possible.

At the same time, he added, the government is preparing for a long-term fight against the epidemic, hence it was necessary to rebuild Polish production potential and structure, to take measures to strengthen the Polish zloty, the stability of state public finances and coherence between monetary, regulatory and fiscal policies.

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