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News Parkiet
22.05.2004,

Public finances

Marek Belka proposes tax code changes

Prime minister Marek Belka wants to raise taxes for the top half of Polish taxpayers to encourage the bottom half to declare greater part of their income.

Belka, who became prime minister in early May said he would like to increase income tax exemptions to reduce gray labor market. Right now taxpayers who make less than 2800 zloty per year don?t pay any income tax.

?25 of the poorest taxpayers would benefit from these changes. The upper half will lose to one extent or another. Someone?s got to pay for these savings?, Belka said on Friday.

A similar plan two years ago by Marek Belka, then an SLD finance minister never even made it to the parliament because of the public outcry.

Equity markets

Omhex buys Vilnus bourse

Nordic stock exchange operator Omhex AB has agreed to buy Lithuania?s...


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