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Tax & Spend

Poland Floats New Bank Tax to Bolster Budget After Elections

Andrzej Domanski

Photographer: Simon Wohlfahrt/Bloomberg

Takeaways by Bloomberg AI

Poland’s Finance Minister Andrzej Domanski unveiled a plan to introduce more taxes on lenders to bolster the country’s ailing budget.

The proposal targets inflows of as much as 2 billion zloty ($546 million) a year from commercial bank profits earned on interest from mandatory reserves. An index of Warsaw-listed lenders dropped 1.7% on Wednesday, reducing its year-to-date advance to 27%.