Equity markets
A new way to postpone capital gains taxes
Polish Finance Ministry has apparently left a legal loophole that lets large investors postpone capital gains taxes by using matching after-hours block trades to reduce their capital gains. WSE market regulations let investors exchange large chunks of shares at a discount of up to 40 percent from their closing price during regular market hours. Finance Ministry officials told PARKIET recently these after-hours trades also count for the assessment of capital gains taxes.
Retailing...