Equity markets
Poland to tax rights to shares issued this year
Investors buying rights to shares issued this year may have to pay 19 percent capital gains tax, Polish Finance Ministry said yesterday. The decision will affect investors who participated in a flurry of IPOs at the year's end.
'Rights to shares and actual shares are treated as two separate types of securities. Hence, if the stock is registered on investor's account in 2004, he or she will have to pay capital gains tax', says Anna Puzyna-Sobocińska from Ministry of Finance press office.
Warsaw Stock Exchange created rights to shares several years...