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Poland Plans Bank Taxes

Published: January 4, 2013; 22:28 · (Vindobona)

The Polish government considers introducing bank taxes in order to stabilize the banking sector.

Poland Plans Bank Taxes / Picture: © Vindobona.org

After Austria, Hungary and Slovakia, Poland will introduce bank taxes. The Polish government will not trouble the taxpayers to stabilize the banking sector. In total, the government expects tax revenues of more than € 400m. Last year, Poland´s banking industry recorded profits of € 3.7bn.

The Polish banking sector is strictly against the new tax. Until now, only countries with bailed-out banks have introduced such a tax, the industry says. By contrast, Polish banks did not receive taxpayers´ funds. Moreover, the existing guarantee fund is one of the most stable in Europe, the banking industry argues.

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