Tax & Spend
Poland Floats New Bank Tax to Bolster Budget After Elections
Andrzej Domanski
Photographer: Simon Wohlfahrt/BloombergTakeaways 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%.