Excess profits tax returns.  Sasin: It’s not our idea, the EU is pressing

Excess profits tax returns. Sasin: It’s not our idea, the EU is pressing

Jacek Sasin returns to the subject of excess profit tax. – I want to strongly emphasize that this regulation is not our national idea – said the Minister of State Assets in ¦winoujscie and added that the European Union is putting pressure on Poland in this matter.

Jacek Sasin spoke on Saturday in Świnoujście about the tax on excess profits. – I want to strongly emphasize that this regulation is not our national idea. We proposed various other solutions, for example regarding the energy sector, because there the profits were already used to freeze electricity prices, emphasized the minister of state assets quoted by PAP.

– In this case, we are dealing with EU regulations and the European Union’s prompting to introduce these tax solutions not only for the energy sector, but also for the fuel and coal sector – he added.

Jacek Sasin noted that the ministry of climate plays a leading role in the work on the excess profit tax, and the ministries of finance and state assets cooperate with it. The deputy prime minister also said that it is not yet known what the final shape of the regulations will be or when they will come into force. – Most European countries have already introduced these solutions – he noted.

Excess profit tax. The topic returned at the end of 2022

Information that the government may introduce a tax on excess profits appeared in autumn 2022. According to unofficial findings, the tax would apply to all companies employing more than 250 people and having an annual turnover of more than EUR 50 million.

Paweł Biedrzycki, editor-in-chief of Strefainwestorow.pl, indicated at that time that such plans should be reported directly. – Such events do not build confidence in the Polish capital market, especially from the point of view of foreign investors. They are very easy to box things up. Any instabilities and surprises are unpleasant for them, he said.

The expert also assessed the impact of introducing new taxes on Poles’ propensity to save. “Such actions have a long-term impact on the capital market. The problem will be a decrease in confidence and stability in investing. It is not known what other ideas may emerge in the future. If there is no stability, the propensity to save decreases. It is natural when there is uncertainty and doubts about the future – he said in an interview with Mikołaj Fidziński from the Gazeta.pl portal.

Source: Gazeta

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